Inflation concerns result in minor deflation on the ASX

INFLATION concerns in the US have seen miners and the broader Australian market again lose ground, with Metals & Mining losing around 1.8% overall.

Inflation concerns result in minor deflation on the ASX Inflation concerns result in minor deflation on the ASX Inflation concerns result in minor deflation on the ASX Inflation concerns result in minor deflation on the ASX Inflation concerns result in minor deflation on the ASX

Image: iStock/Boarding1Now

Metal futures were on the wane in Asia trading for the same reason, with iron ore in Singapore dropping nearly 7% to US$212/t.

For its part gold was $1818/oz.

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