Commodity prices are trading sharply lower as risk aversion grips financial markets. Sentiment-sensitive crude oil and copper prices are following stocks lower while gold and silver face de-facto selling pressure as haven flows boost the US Dollar.
The dour mood began to take shape in Asiaafter ratings agency Egan Jones downgraded Spain while state-run media outlet Xinhua reported that China was not planning an aggressive round of stimulus to combat this year’s growth slowdown………………………………………..Full Article: Source