| From Thehindubusinessline.com: Fears of global economic slowdown are beginning to take a toll on commodity prices. Apprehensions of slowing world growth have combined with appreciation of the dollar (against the euro) to drag commodity prices lower. As is well known, a rising dollar pushes dollar-denominated commodity prices down.
The recent economic data from the world’s largest economy the US (ISM manufacturing index and auto sales) are far from encouraging. The leading indicators for Eurozone and Japan point to a sharp downturn. China too has disappointed many who anticipated a post-Olympics bounce in Chinese economic activity; but growth has been tepid, if any...... Full Article: Source
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