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Commodities: American drama casts its shadow over raw materials after brief surge

Posted on 07 January 2013

After the New Year party, the hangover begins. And so it was for those in the commodities markets, after Congress last week reached a deal to avoid the US falling off a “fiscal cliff”.
The last-minute agreement to avert the automatic slashing of spending and painful tax rises in the world’s biggest economy removed a major threat to global activity and, as a result, to demand for raw materials. Commodities markets rallied alongside everything else………………………………………..Full Article: Source


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