Live: ASX to open higher as price of gold surges

The Australian share market is poised for a higher opening, with ASX 200 futures indicating a 0.3% rise to 9,032 points. This positive outlook follows a mixed session on Wall Street, where the Dow Jones and S&P 500 saw modest gains, while the Nasdaq Composite experienced a slight decline. The Australian dollar also showed strength, trading up 0.6% at 71.23 US cents.

Adding to the market's momentum is a significant surge in the price of gold, which has climbed over 4 percent to $US4,521 per ounce. Other commodities showed varied movements, with Brent crude oil rising 0.5% to $US91.49 a barrel, while iron ore saw a slight dip of 0.2% to $US96.05 a tonne. Bitcoin remained relatively stable, trading down 0.1% at $US69,036.

Investors will be closely watching the release of July jobs figures from the Australian Bureau of Statistics at 11:30 am AEST. In June, Australia's unemployment rate held steady at 4.4%, with the economy adding 76,000 jobs, largely driven by an increase in part-time employment.