Iron ore surges, gold slumps

METALS were sharply lower on Friday, with the exception of comeback kid iron ore.

Iron ore surges, gold slumps Iron ore surges, gold slumps Iron ore surges, gold slumps Iron ore surges, gold slumps Iron ore surges, gold slumps

Gold took a major hit, down to around $US1225 an ounce, as the chance of a US interest rate rise next month remained live.

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