The Reserve Bank of Australia has warned further outbreaks of coronavirus will threaten the country’s economic recovery, potentially pushing high levels of unemployment into 2021.

Sellers have pushed the sharemarket lower on Friday after the RBA predicted that the economy will take longer to recover from the COVID-19 pandemic compared to earlier forecasts.

The gold price is expected to keep soaring as the factors driving it higher won’t likely change any time soon, with one analyst tipping it could hit $US3000 an ounce.

Police fear changes to the border declaration online system may not be ready in time for Queensland’s 1am border curfew, potentially adding extra wait time to already lengthy queues.

The upper north shore property market wrapped up the weekend on a high, finishing with a healthy auction clearance rate of 81 per cent.