31.10.2008 - Commodities fall on recession concerns
From AP: Investors fled commodities Thursday after the first reading on third-quarter gross domestic product provided an emphatic signal that the economy is indeed in a downturn. Gold fell sharply on the news, as did other precious metals and energy and agriculture futures. "In general, a weakening economy should hurt demand for commodities, especially gold, which is a luxury type item," said Tom Pawlicki, an energy and precious metals analyst with MF Global Research in Chicago..... Full Article: Source