This Friday, gold ore futures Iron fell for the second session in a row, following a massive selloff in commodities triggered by a collapse in the technological values of Wall Street.

The most traded iron ore contract in May on the Dalian Commodity Exchange (DCE) in China traded down 1.23% % at 760.5 yuan ($109.58) per metric ton, at 03:03 GMT.

The contract has lost 3.91% since the start of the week.

The reference price of iron ore for Delivery in March on the Singapore Stock Exchange fell by 0.91% to $99.7 a ton.

The iron ore contract lost 3.99% this week so far and heading for a fourth week of decline consecutive.

Iron ore prices have fallen, as other commodities, especially gold and silver, following a sale Massive number of tech stocks on Wall Street due to concerns to the rise of artificial intelligence.

Steel reference indexes on the Stock Exchange Shanghai futures fell.

The quantity of rebar decreased by 0.48 %, that of hot-rolled coils fell by 0.37%, that of wire rod softened by 0.47% and that of stainless steel fell by 0.85%.