Gold rose for a fourth consecutive week to reach its highest price in two and a half months as a slower than expected US jobs data in August drove the US Dollar lower.
The Australian Bureau of Statistics has also unsurprisingly reported a 2.7% seasonally adjusted fall in retail turnover in July, the biggest monthly fall this year
There is no historical record that can be considered as entirely objective, as it is written by someone present at the time of the event that carries his/her personal biases
With housing prices in Australia starting to suffer as a result of lockdown and the Chinese economy slowing down the Aussie is expected to fall further.
A Labor campaign spokesperson called the decision “unforgivable” and accused Greens leader Ellen Sandell’s party of increasing the chances of the Liberals forming government
The rate changes took effect on Friday, with Westpac increasing its variable rate to 6.49 per cent, Commonwealth Bank to 6.59 per cent and NAB to 6.54 per cent. ANZ now has the highest variable rate among the Big Four at 6.75 per cent.
The facility has attracted contributions from 23 investors, according to Albanese, with support coming from the Pacific and other parts of the world. Australia is a founding contributor.
