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Commodities generally weakened, led by metals amidst rising US dollar and concerns over moderation of the global growth outlook as the Fed hikes interest rates in summer. Metal Bulletin's iron ore index plunged almost -6% to close at US$53.47/tone, the lowest level since March 15. Besides, US rate hike speculations, iron ore prices were dampened by rising supply.


from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/iron-ore-prices-slumped-6-on-supply-growth-and-feds-rate-hike-2016052032942/
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