Gold fell as the dollar held near the highest level in five years and investors reduced holdings in the largest exchange-traded product backed by the metal, curbing demand for a store of value. Silver rose.
Iron ore sank to the lowest level since 2009 as supply exceeds demand and China, the biggest user, contends with its weakest expansion in almost a quarter century.
India’s decision to end the iron ore mining ban in Goa state will expand the global surplus and could be bearish for prices, according to Citigroup Inc.
