Local Markets Commentary

Gold prices fall for a third consecutive day as US Treasury bond yields rose. undermining the appeal of non-interest-bearing assets. The move may have reflected pre-positioning ahead of this week's Federal Open Market Committee monetary policy announcement in the US, which is widely expected to produce a rate hike.

The SA was fetching US75.43c at 6am Sydney time.

Overseas Market Commentary

US President Donald Trump's tax and spending promises, and a run of negative U.S. economic surprises. have prompted some investors to review the mix of their portfolios.

Today US Attorney General Jeff Sessions will testify publicly to a Senate panel setting up another potentially dramatic hearing on possible ties between President Donald Trump's campaign and Russian meddling in the 2016 presidential race.