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Dalian Iron ore futures go limit up

FXStreet (Bali) - Dalian Iron ore futures went limit up in early trading today, expanding the recent bull run.

Greg McKenna, Editor at Business Insider, notes: "Certainly something has changed in the iron ore market with sentiment clearly much better than it was a few weeks back when Fortescue Metals (FMG) failed to find a bid for its $US1.5 billion debt issue. On Wednesday night not only did FMG get the deal away but it was upsized to $2.3 billion."

Gold dips in Asia

Gold prices weakened moderately in the Asian session Friday amid signs of strength in the USD index and mixed action in the Asian equity markets.
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US Treasury yields fell on the weak data

The US Treasury yields fell on Thursday with benchmark yields retreating from 3-1/2 week highs as investors preferred treasuries amid signs of slowdown in the US housing market.
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