09.08.2011 - Zinc drops to lowest level since November as commodities slide
Zinc fell to the lowest level since November on the London Metal Exchange as commodities and equities tumbled after Standard & Poor’s cut the U.S. credit rating, spurring concern about demand. Zinc paced declines in the Standard & Poor’s GSCI Spot Index of 24 commodities, which fell as much as 2.8 percent. The U.S. economy is heading into a “double-dip” recession, Nouriel Roubini, the co-founder and chairman of New York-based Roubini Global Economics LLC .............................................Full Article: Source
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