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Commodities Briefing - Categorized | Investment, Market Moves more

Slower world growth gives commodity investors cold feet

Posted on 30 April 2013

Investors are staying away from commodities, fearing that the worst is yet to come after prices plunged in April on signs of slower world economic growth.Wealth managers have been pulling money from commodities since the start of the year, culminating in a major sell off in April when investors dumped gold, copper and oil.Poor economic data from China, Europe and the United States has hit global growth forecasts, making investors reassess the demand for raw materials.
The 19-commodity Thomson Reuters-Jefferies CRB index was down almost 6 percent following April’s rout and is still off some 4 percent since the start of the year………………………………………..Full Article: Source


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