Iron ore price surges to record high

CAT said it remains committed to existing customers.

December Comex gold was last up $7.40 an ounce at $1,270.30.

The last time prices for the commodity were this high was in 2012.

He is the first person to die in clashes over mining under new President Pedro Pablo Kuczynski.

The move is part of the government's increasing efforts to clamp down on damage caused by the mining industry in the nation, the world's top nickel ore supplier.

The red metal closed Thursday at $2.1220 per pound.

Chinese traders back from week-long holiday continue to chase steelmaking raw materials.

CHARTS: Panic buying from Europe and India said to be behind met coal surge.

Chinese gold investors usually buy on dips, but the country's financial markets were closed for the annual Golden Week holiday.