ASX Market Open: Flat day tipped for local bourse | 19 August 2024


Good Morning and a happy start to a fresh week. The ASX200 is tipped to dip -0.06% on Monday if futures are anything to go by.

US markets posted humble green days on Fridays with the NASDAQ and S&P 500 both notching around a fifth of a percent gains.

Gold prices hit fresh all time highs above US$2,500 over the weekend as multiple factors drive investors towards the safe haven metal.

In forex, the Aussie is buying 67 US cents.

In commodities, gold is fetching $2,504 per ounce while brent crude is collecting $79.40 per barrel.

Iron ore is fetching $96 per tonne in Singapore and US natgas futures are worth $2.10 per gigajoule. All commodity prices are in the greenback.

That’s Market Open, we’ll be with you later in the day with an update.


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