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Commodities Briefing - Categorized | Commodities Exchanges, Commodity Crisis, Market Moves more

Commodities fall on recession concerns

Posted on 31 October 2008

From AP: Investors fled commodities Thursday after the first reading on third-quarter gross domestic product provided an emphatic signal that the economy is indeed in a downturn.

Gold fell sharply on the news, as did other precious metals and energy and agriculture futures. “In general, a weakening economy should hurt demand for commodities, especially gold, which is a luxury type item,” said Tom Pawlicki, an energy and precious metals analyst with MF Global Research in Chicago….. Full Article: Source


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