10.08.2011 - US downgrade: Commodities crash to eight-month low
Commodities plunged to their lowest level in eight months, extending two weeks of losses, on concern that the global share-market rout will slow the economy, eroding demand. "The market is now worried about another global recession," Natalie Robertson, commodity analyst at Australia & New Zealand Banking Group, said by phone from Melbourne. "The S&P downgrade of the credit rating has fuelled a lot of those concerns. The market is also focusing on the European situation.".............................................Full Article: Source
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