The Australian share market has ended the day in positive territory.
The ASX 200 closed up 40 points or 0.5% to 7,789 on Friday, and ended the week 2% lower.
The mining sector led the gains, rising 4.3% on higher commodity prices.
Here are the top and bottom movers of the day.
Shares of Liontown Resources have risen as much as 7.3% to $0.65, their highest levels since March 7.
The company is on track to post its strongest trading session since February 27.
Liontown stock was among top gainers in the ASX 200 benchmark index.
The battery minerals producer posts a narrower HY net loss after tax of $15.06 million, compared with $31 million a year ago.
Stock is up 24.8% this year, including the session's move.
Shares of CAR Group have dropped 2.7% to $33.20, their lowest levels since August 9, 2024.
The stock is a top loser on the benchmark index as it trades ex-dividend.
The auto-listings firm announced an interim dividend of 38.5 Australian cents apiece last month.
CAR group shares are down 7.8% year to date, including the day's move.
Asia shares rose on Friday and global markets attempted a rebound after a brutal sell-off, while gold reached a record as an escalation of global trade tensions left investors nervous and sparked a flight to safe-haven assets.
Relief over the likely aversion of a US government shutdown boosted stocks in early Asian trade after Senate Democrat Chuck Schumer said he would vote to advance a Republican stopgap funding bill, signalling that his party would provide the necessary support.
US stock futures rose sharply in response, with the Nasdaq up 0.87% and S&P 500 futures advancing 0.7%.
Elsewhere, Japan's Nikkei reversed early losses to rise 0.12%.
Hong Kong's Hang Seng Index similarly gained 1%, but was headed for a 2.3% weekly decline. China's CSI300 blue-chip index advanced 1.4% and was set to rise 0.6% for the week.
The US dollar regained some lost ground on Friday thanks to safe haven flows, but was not too far off recent lows as worries of an impending US recession kept pressure on the greenback.
Seven out of the top 10 performers in the ASX 200 benchmark index are gold miners.
All Ordinaries gold index, comprising of 27 gold miners, rises 3.9% to trade at a record-high.
Gains in line with a rapid surge in gold prices as investors rush into the safe-haven assets amid tariff uncertainties.
Both spot gold and US gold futures are within touching distance of $US3,000 an ounce.
Genesis Minerals up 6.8%, trading at highest level since January 28, 2011.
Shares of Newmont Corp up 5% at a three-week high.
Westgold Resources and Bellevue Gold gain 6.3% and 5.3% respectively, trading at multi-week highs.
The gold index is up 25% this year, including the day's moves, significantly outstripping the heavyweight ASX 200 Financials index, which is down 6.8%.
Six councils in south-west Queensland have banded together to protest an eye-watering increase in insurance premiums of up to 300 per cent.
The South West Regional Organisation of Councils, backed by local federal member David Littleproud, has taken their concerns to the Insurance Council of Australia.
The ICA and Mr Littleproud are discussing potential solutions.
Read more from Grace Nakamura.
The federal government will provide ANZ up to $2 billion as a decade-long loan guarantee to keep its branches open in the Pacific region.
The move comes as countries like the US, Australia and China boost efforts to increase financial influence in the Pacific.
As part of the arrangement, foreshadowed by the treasurer in late 2024, ANZ will invest a further $50 million in its Pacific banking systems to enhance its digital banking offering and support ongoing operations in the region.
ANZ's chief executive officer Shayne Elliott said the arrangement highlighted the shared commitment to continuing to provide access to safe and trusted banking services in the Pacific Island region.
“While the guarantee is not material for ANZ at a Group level, the arrangement will support a more resilient and sustainable ANZ Pacific business, for the future of the region,” he said in a statement.
The funding is expected to take effect in the second half of 2025.
The mining sub-index has risen nearly 2%, its highest level since March 7.
Iron ore prices rebounded on Thursday, driven by a wave of short-covering as near-term demand in top consumer China stayed resilient.
Sub-index leader BHP is up 1.8% to $38.93, Rio Tinto gains 1.5% to $117.73 while smaller rival Fortescue rises 2.2% to $16.19.
The sub-index has lost 0.2%, year to date.
Australia is standing up to Trump's imposition of tariffs on steel and aluminium with a threat of its own.
Resources Minister Madeleine King told the ABC Australia's critical minerals and rare earths "are in high demand".
"We would very much like to have a partnership with the US, but if they don't want to do that, then that's up to them and we'll continue to work with other nations as well."
Political reporter Jacob Greber has all you need to catch up on the development: