ASX at 6-week high | Gold at another record | CBA to refund low income customers

Описание: The so-called Santa rally continues as the Australian sharemarket hits a six week high; precious metals like gold and silver reach record levels on increasing bets the US will cut interest rates; the Commonwealth Bank has bowed to pressure from ASIC and will return millions of dollars to low income customers.

00:00 Renewed expectations of an interest rate cut in the US are fuelling shares with gold continuing to be a major beneficiary
01:13 The US dollar has slumped 10 per cent on the US Dollar Index this year
01:46 The Australian dollar is trading at around 66- point- 6- 9 US cents, but mixed against other currencies - down against the Japanese Yen, British Pound and New Zealand dollar
03:26 India and New Zealand have reached a free trade agreement, in an effort to lower tariffs
04:05 Larry Ellison, the father of Paramount CEO David, will now personally guarantee 40 US billion dollars to help finance the takeover of Warner Bros.

Ricardo Gonçalves breaks down the day's financial news in On The Money.

#OnTheMoney #ASX #FinanceNews #InterestRates #GoldPrice

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