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US shutdown spooks global commodities

Posted on 08 October 2013

The ongoing risk to the US and possibly also the global economy from the US government shutdown and wrangling over the debt limit has caused a great deal of nervous trading in commodities. A potential economic slowdown at a time where supplies have begun to recover among many key commodities triggered price weakness across most sectors.
The declines were mostly felt in the metals sector — mainly industrial metals but somewhat surprisingly also in precious metals. Meanwhile, the energy sector did reasonably well as supply tightness, following several months of supply disruptions, kept the price of both crude oils (WTI and Brent) supported………………………………………..Full Article: Source


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