Iron-ore extends gains to near $100/t after China pledges more stimulus

Prices of iron-ore futures extended gains into a third straight session on Thursday, after top consumer China's pledge for more stimulus injected further confidence just as the last wave of monetary easing-led frenzy faded.

The benchmark October iron-ore SZZFV4 on the Singapore Exchange jumped by 2.49% to $98.8 a metric ton, as of 07:48 GMT.