CAPITAL MARKETS

Grim session for metals

Most commodities more than reversed Wednesday's gains overnight as the US dollar strengthened.

Kristie Batten

Gold futures dropped by 1.2% to $US1235.20 an ounce as chances of a US interest rate rise grew. The probability of a rate rise this month is now 90%, up from 40% a little over a week ago. “With the...

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