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Commodities slide; global woes spur fund selling

Posted on 23 October 2008

From Marketwatch.com: Concerns that the global economy will slide into recession rattled commodities markets Wednesday, spurring the repatriation of dollars and fueling a further unwinding in the price of everything from crude oil to gold and copper.

“Money is probably being pulled from most all investments, including commodities,” said Darin Newsom, a senior analyst at commodities information provider DTN. But “the weakness in commodities is due in large part to the strength of the U.S. dollar and continued concerns over world economics.”…. Full Article: Source


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