commodity

WCU: Commodities plumb new depths

There's red ink everywhere this week as commodities crash to levels unseen in 13 years, spooked by fears of a US rate hike and a Chinese economic slowdown. Where could reverse the slide? For some individual commodities the answer is improved demand, for others, such as oil, scaling back production is what's needed. The current commodity rout which has seen the Bloomberg commodity index fall to its lowest level in 13 years has now also caught up with gold and during the past week the yellow metal plunged dramatically to a five-year low. The heavy selling of metals, both precious and industrial, has been driven by worries about the outlook for Chinese growth.
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