The prices of the iron ore to move upward during the last two months, compared with those of the other base metals. They have risen by about 25 percent since a record low hit in early July. Recovery to $ 56 per tonne is due to reduced exports from Brazil and Australia. But prices are still unstable and lower by 22% compared to last year, according to the Steel Index, which is the result of that supply continues to exceed demand.
Iron ore futures on the stock exchange in China have fallen by 4%, which is the maximum allowable one-day drop. While mines with higher costs feeling the pressure, the British-Australian Rio Tinto Corporation plans to deliver 20% more iron ore in China this year compared to last.
This month, gold was able to capitalize on growing expectations that the Fed will postpone raising interest rates. Therefore, the precious metal rose on a monthly basis by 6%. Currently investors seek refuge mass of Finance in terms of the collapse of capital markets. On Monday, the precious metal felt some pressure as some investors redeemed their positions in an attempt to redirect finances to markets with higher margins. At Commerzbank believe that gold performs well compared to the other stock commodities. However, the price did not rise much, although investors shunned risky assets and the dollar fell. Buyers are mainly from Western Europe and the US, rather than the traditional India and China, experts said. And that can lead to severe depending on the price of the dollar and the decisions of the Federal Reserve.