Major Miners Drag the ASX 200 Down

Major miners drag the ASX 200 down

A slump in the price of iron ore and gold sent the ASX200 down on Wednesday, despite eight of the 11 sectors trading higher.

Iron Ore Prices Tumble To 9-Month Low, Citi & Goldman Ratchet Down Price Target

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Iron ore extends drop towards $US90/t as Citi cuts outlook

Iron ore headed for the lowest close since September on a seasonal slowdown in demand and signs Chinese mills are curbing steel output.

Major miners fall as iron ore prices continue to sink

Plunging iron ore prices continue to weigh on the ASX's major miners. BHP Group Ltd (ASX: BHP), Rio Tinto Ltd (ASX: RIO), and Fortescue Ltd (ASX: FMG) have all seen their prices edge lower on Thursday. The price of iron ore has dropped below US$93 on the Singapore Exchange, marking a 9-month low. And analysts are expecting further declines. Citigroup and Goldman Sachs have cut their iron ore price forecasts. Goldman Sachs previously stated that …

Australia: Shares hit 2-week low as miners, gold stocks fall; Fed holds rate

AUSTRALIAN shares hit a two-week low in early trade on Thursday, weighed down by miners and gold stocks as the US Federal Reserve’s cautious tone on rate cuts and softer commodity prices dampened investor sentiment.

WEEKLY: China's Domestic Iron Ore Prices Slip Further - Mysteel Global - YT FINANCE

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