need2know: Iron ore hits fresh two-year low, gold, oil slump

Updated September 3 2014 - 8:13am, first published 7:47am

The price of iron ore has slumped to a fresh two-year low, falling 0.5% overnight to $US86.70 per metric tonne. 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.

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