Gold falls as investors bank on cash

Gold fell more than 1 per cent overnight as investors booked profits from recent rallies and some switched to the safety of cash driven by growing US-China trade tensions and doubts about an economic recovery. Spot gold was down 1.5 per cent to $US1,722.78 per ounce...

ASX set for flat start on US-China tension

A flat start is likely for the Australian share market after Wall Street closed slightly lower due to tensions between the US and China. The SPI 200 futures contract was lower by 7 points, or 0.13 per cent, to 5,537.0 at 0700 AEST on Friday, indicating little...

US shares open flat amid trade tensions

The S&P 500 index has opened largely unchanged as growing US-China trade tensions and concerns about a rebound from a coronavirus-led economic slump were offset by an upbeat outlook from retailer TJX. The discount chain’s shares jumped 7.6 per cent to a more...

Nearly 39m seek US jobless benefits

More than 2.4 million people applied for US unemployment benefits last week in the latest wave of layoffs from the viral outbreak that triggered widespread business shutdowns two months ago and sent the economy into a deep recession. Roughly 38.6 million people have...

THC Global launches Aust-grown cannabis

THC Global has launched its first Australian-made medicinal cannabis product and acquired clinic network of 30 prescribing physicians as the country’s cannabis industry takes another step forward. While THC Global is not the first to launch its own brand of...