The S&P/ASX 200 still isn't moving very much, it has a trading range of only 32 points today, but is currently lower than it has been all day. Down 0.2 per cent, or 10.7 points, below 5890.

The big banks are dragging away points with all four down between 1.3 per cent and 1.9 per cent. Macquarie Group is down 1.11 per cent and hit a 10-week low of $118.36 in the past hour.

Gold is up $US8.74 to $US1,965.59 currently, a two-week high. In Australian dollars it is flat at $2,684.52. However, the biggest gains today are being enjoyed by the gold miners with Silver Lake up 7.6 per cent to $2.48, Northern Star up 6.5 per cent to $14.80, Resolute Mining up 4.5 per cent to $1.04, and Gold Road up 4.4 per cent to $1.65.

Coal miners are also in favour with New Hope up 7 per cent to $1.30 and Whitehaven up 1 per cent. The rest of the energy sector is down 1.3 per cent, dragged down by a 2.6 per cent decline in Santos and 2.4 per cent fall in Oil Search. Oil price are near three-month lows and down below $US40 per barrel.