Australian shares slipped for a second straight week, despite good gains among energy and gold stocks, as investors held fire before next week's US Federal Reserve interest rate decision and the following week's crucial Brexit referendum.

The benchmark S&P/ASX200 fell 0.9 per cent on Friday and 0.1 per cent for the week to 5312.6 points, while the broader All Ordinaries fell 0.8 per cent on Friday and 0.02 per cent for the week to 5391.6.