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Commodity prices to remain soft in 2014

Posted on 30 December 2013

A year of multiple uncertainties that continually buffeted the global commodity markets is coming to an end. The last twelve months were dominated by concerns over world economic growth, geopolitical instabilities, divergent monetary policies by the developed and the developing nations as also currency fluctuations all of which combined to take a heavy toll in terms of demand slowdown, price volatility, subdued investor interest and project delays in some cases.
The effect of all these is seen in rice movement in the last 12 months. It has generally been not a good year for commodities, and metals prices in particular – precious, base and industrial. Punters’ eternal favourite gold ended the year at just about $1,200 an ounce, a 30 per cent fall from the levels ($1,667) seen this time last year………………………………………..Full Article: Source


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