Iron Ore Jumps Most on Record as Market Goes 'Berserk'

  • Goldman says gains won't last with $35 seen in final quarter
  • Huatai Great Wall sees `short-covering' in futures markets

Iron Ore Jumps Most on Record

Iron ore soared the most ever after Chinese policy makers signaled their willingness to buttress economic growth, boosting the outlook for steel consumption in the top user and igniting speculation that some investors who’d bet against the market had been caught out.

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