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Goldman Plans To Trade Physical Iron Ore

Goldman Sachs is planning to foray into the physical iron ore market.

Goldman Sachs is planning to foray into the physical iron ore market, Reuters reports. Earlier this year, the U.S. lender commenced trading iron ore swaps.

Increasing liquidity levels in the iron ore swaps have drawn many banks to invest in it. Some lenders are also forming physical iron ore desks to boost their positions.

Click here for the story from Reuters.

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