| The rush to exit commodities turned into a stampede last week as a weakening Chinese economy and a surging US dollar put the fright into traders and led commodities to post-crisis lows. The sea of red in the Friday session was an all-too-familiar sight for miners as oil, gold and copper all slid in the wake of the softest reading on the Chinese manufacturing sector for 15 months.
It ensured the UK-listed stock of BHP Billiton settled at its third six-year low of the week after yielding a further 3.8 per cent. Fellow Anglo-Australian mining giant Rio Tinto also touched a six-year trough after giving back 3.5 per cent, while Glencore dived 4.5 per cent to a record low and Anglo American stumbled 3.5 per cent to a 12-year nadir...............................................Full Article: Source
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