| From Thehindubusinessline.com: Are macroeconomic concerns resurfacing? This apprehension caused by a combination of factors – Euro area sovereign debt risk, possibility of further monetary tightening by China, a firmer dollar – exerted tremendous downward pressure on commodity prices last week. For sure, the sentiment has undergone a change for the worse and even fundamentals have taken a backseat.
In other words, global headwinds currently retard the commodity market price acceleration witnessed in the last several weeks. When will the macroeconomic fears abate is of course a billion dollar question..............................................Full Article: Source
|