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Metals plunge on new worries in China, EU

Posted on 23 October 2012

Both base metals and bullion plunged today, amid concern at the lack of macro initiatives by the governments of the slowing economies of the European Union and China.
While silver hit a six-week low, other metals recorded up to a two per cent dip in early evening trade in London, on news of hedge funds going short on metals. Concerns about the lack of progress on a Spanish bailout dampened risk appetite, helping send commodity markets lower and lending support to the dollar………………………………………..Full Article: Source


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