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CommSec Market Update

Market Close 16 Oct 23: Middle East conflict impacts gold and oil prices

16 Oct 2023

Description

Craig joins Steve today to look at the market.  The energy and materials sectors were the only two to see lifts today with 9 of the 10 best performers being in the gold sector as conflicts in the Middle East impact prices of the commodity.  They discuss what to expect with the Aussie jobs report on Thursday, discuss a slight fall in the Aussie market, and if we are likely to see an interest rate increase come Melbourne Cup Day. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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