| From usatoday.com: The commodity price boom is fizzling fast, a development that could ease inflation fears and lead to some relief for consumers at the pump, in grocery aisles and at the jewelers. After skyrocketing earlier this year, prices for a wide variety of commodities, including oil, corn, wheat and gold, have fallen drastically in recent weeks, thanks to declining demand, a strengthening dollar and emerging signs of weakness in the global economy.
"The rush is definitely over," says Nathan Golz, futures researcher at broker A.G. Edwards.The Reuters-CRB Continuous Commodity Index, gauging the prices of a range of commodities, is down 16% from its July 2 peak. Still, it's up 25% from a year ago...... Full Article: Source |