| Global commodity prices are cooling down for the summer after soaring to near-record highs in April, Scotiabank says in its monthly commodity price index.
The index climbed 6.1 per cent in April, led higher by oil, gas and coking coal but jitters over a mild slowdown in Chinese growth coupled with anxiety over the impact higher energy and food prices will have on consumer spending, led to a steep but short pullback in May, Scotiabank commodities analyst Patricia Mohr said.............................................Full Article: Source
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