The Australian sharemarket has opened higher despite a mediocre session on Wall Street, while uncertainties around President-elect Donald Trump's policies lift gold prices.Australian dollar: Flat at 62.21 US centsThe Australian sharemarket has opened higher, on track to end the week in positive territory after the central bank opened the door for lowering borrowing costs earlier this week.Nine out of the 11 sectors were higher, with industrials and education leading the gains.
On a day of few catalysts, investors responded to yields on US government bonds inching higher, including the yield on the benchmark 10-year Treasury note hitting its highest since early May at 4.64% earlier in the session. Among those megacap stocks, Tesla, Amazon and Meta Platforms slipped. Apple increased, continuing to edge closer to becoming the first company in the world to hit a market value of $US4 trillion.
The three main indexes have hit multiple record highs this year on hopes of a lower interest rate environment and the prospects of artificial intelligence boosting corporate profits. Uncertainties around President-elect Donald Trump's policies lifted gold prices. This, along with the Federal Reserve's less dovish messaging about lowering rates further next year, helped elevate the 10-year Treasury yield to its highest since early May.
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