23.07.2015 - Gold isn’t even close to being the biggest loser among commodities
Gold’s collapse to five-year lows is dominating headlines, but it has been a rough year so far for commodities in general. Expectations the Federal Reserve will move later this year to raise rates, potentially leading to more strength for the U.S. dollar, gets much of the blame. Most commodities are priced in dollars, making them more expensive to users of other currencies as the greenback strengthens. The ICE dollar index a measure of the U.S. unit against a basket of six major rivals is up by around 7.8% year-to-date...............................................Full Article: Source
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