need2know: Iron ore on cusp of 5-yr low

The price of spot gold dropped by 1. 6% while Brent Oil suffered a 2. 4% drop to $100. 45 a barrel.  Locally, shares are poised to open unchanged ahead of the latest reading on Australian economic growth after Wall Street closed mixed in narrow trade. • AUD at 92. 80 US cents, 97. 54 Japanese yen, 70. 67 Euro cents and 56. 32 British pence. • On Wall St, S&P 500 -0. 1%, Dow -0. 2%, Nasdaq +0. • In Europe, Euro Stoxx 50 +0. 2%, FTSE +0. 1%, CAC -0. 03%, DAX +0. • Iron ore falls 0. 5% to $US86. • Spot gold slips 1. 6% to $US1265. • Brent oil down 2. 4% to $US100.

Read more here: SMH

    

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