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Concerning US data sees miners, broader ASX sold

THE poor GDP news out of the USA overnight has seen the ASX benchmark index lose about 2%, with the Metals & Mining segment of the local market similarly sold down.

Michael Quinn
Concerning US data sees miners, broader ASX sold

The GDP drop in the US was an annualised 30% or so. Metal futures were up in Asia trade on the back of the weaker US dollar, with gold also gaining to around US$1973 per ounce and the Australian dollar...

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