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Speculators reduce wagers on higher commodity prices on mounting concern of Euro debt crisis

Posted on 08 November 2011

George PapandreouSpeculators reduced wagers on higher commodity prices for the first time in four weeks on mounting concern that Europe’s failure to contain its debt crisis will slow economic growth and demand for raw materials. Money managers cut combined net-long positions across 18 US futures and options by 3.9% to 798,787 contracts in the week ended November 1, Commodity Futures Trading Commission data show.
The Standard & Poor’s GSCI Index of 24 raw materials tumbled 14% since reaching a 32-month high in April………………………………………..Full Article: Source


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