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Commodities

  • Brent crude rose above $97 as China's factory activity unexpectedly picked up in September, brightening the demand outlook.

  • Gold stuck near its lowest, hurt by fund outflows as investors adjust positions on concerns of higher U.S. interest rates and strength in the dollar.

  • Plans by top iron ore miners to knock out high-cost rivals with a flood of cheap ore have had some success, but are meeting resistance in China.