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Dog day on the bourse

THE market lost much of its shine today, following a poor show on Wall Street and mixed trading on the London Metals Exchange. While precious metals dithered, sending gold stocks south, mounting speculation of a resolution to iron ore price issues shone a small ray of hope in an otherwise unimpressive day on the market.

Charlotte Dudley

Talk that the end was near for discussions over iron ore contract prices between Chinese mills and Australian miners continued to circulate. Perhaps responding to the speculation, Fortescue Metals Group...

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