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Liberals and Nationals ‘do better when in coalition’, Leeser says

Liberal MP Julian Leeser has just been interviewed on the ABC. Asked about what comes next, he said:

The door is always open to putting the Coalition back together and what Sussan Ley has said today, I agree with her.

I have been a member of the Liberal party since I was 16, I follow political history very closely. We do better together as a political unit when we’re in coalition with the National party, that has been the history of our party.

I’m very sad they have this position because I disagree with the position, and clearly I disagree with it because I voted for the legislation alongside my party colleagues.

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Aussie shares creep higher as gold resets record

Australian shares look set to end the week lower despite an easing of tensions between the United States and Europe, as the Aussie dollar hits 15-month highs, AAP reports.

The S&P/ASX200 was up 0.1% as the broader All Ordinaries gained 0.15%.

“Gold extended its rally for a fourth straight session … supported by ongoing policy uncertainty and growing expectations that (US) monetary conditions will ease,” Moomoo dealing manager Jimmy Tran said.

Photograph: David Gray/Reuters

The ASX is on-track to shed roughly 0.5% for the week, after dipping as low as 1.5% earlier in the week as investors weighed a return of fresh US tariffs and harsh words between the US and its Nato allies.

Spot gold hit a new peak of $US4,963 ($A7,252) an ounce.

Investor concerns about lofty valuations on the ASX continue, particularly in its heavily weighted banks, with Morningstar analysts estimating the market is trading at a 9% premium to fair value.

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