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Chinese commodity prices poised to tumble in post-Spring Festival trading

Posted on 18 February 2013

Chinese commodity futures are positioned to fall Monday when the markets reopen following a broad drop in prices on international markets over the week-long holiday. The Thomson Reuters-Jefferies CRB index, which tracks prices across 19 commodity markets across the globe, fell about 1 percent last week, Reuters reported Friday.
The losses were especially heavy in the precious metals and crude oil markets. The most traded Comex gold contract fell about 1.6 percent Friday to settle the week down about 3.5 percent at $1,609.50 per ounce. The March silver contract lost 1.6 percent Friday to finish the week down about 5 percent at $29.85 per ounce………………………………………..Full Article: Source


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