Precious metals craze prompts China fund to turn away investors
UBS SDIC Fund had become increasingly concerned that investors could be exposed to heavy losses should a record-breaking bull market suddenly turn.
China's record steel futures boost iron ore prices
Iron ore prices rose on Wednesday, as record steel prices in China prompted investors to make tentative bets, despite production cuts in the country's steelmaking hub that have clouded the demand outlook for the raw material. According to Fastmarkets MB,...
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