| A slump in commodities deepened, with industrial metals and oil leading losses as the dollar extended gains. Crude extended its drop below US$42 a barrel and copper fell to levels unseen since 2009 as comments from Federal Reserve officials about the prospect of a rate increase next month bolstered the greenback.
Nickel plunged 4.1 per cent and gold declined, helping to send the Bloomberg Commodity Index to a 16-year low. "This is not a really welcoming environment for risk taking," said Tim Condon, head of Asia research at ING Groep NV in Singapore...............................................Full Article: Source
|