05.10.2011 - Commodities extend slump to 10-month low, led by metals, on Europe’s woes
Commodities declined, extending a slump to a 10-month low, on concern that demand for energy, metals and crops will decline as Europe’s escalating debt woes choke the global economy. Goldman Sachs Group Inc. cut its global growth forecasts and predicted recessions in Germany and France. European governments hinted that bondholders may be saddled with bigger losses on Greek debt. The Standard & Poor’s GSCI index of raw materials has dropped 24 percent from a 32-month high in April..............................................Full Article: Source
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