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Metals, oil prices set for weak 2009

Posted on 05 February 2009

From AFP: Depressed prices for metals and oil are likely to stay weak for most of this year given the worsening state of the global economy, but gold and agricultural commodities are on a firmer trend, analysts say.

“The world recession and debt reduction,” which reduce liquidity on financial markets, “will remain the dominant factors” on commodity markets in the medium term, said Calyon Credit Agricole analyst Robin Bhar….. Full Article: Source


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