Commodities Plummet On Demand Fears |
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4/12/11
Commodities plunged amid a rising chorus of analysts warning that high prices were eating into demand.
Commodities plunged amid a rising chorus of analysts warning that high prices were eating into demand. Commodities such as corn, copper and cotton have hit record highs in the past two months, and crude oil, which is closely watched due to its widespread influence on the broader economy, hit 2½-year highs last week. Prices have been rising on tightening supplies as well as on many central banks' loose monetary policies, which increased the flow of investment into what is traditionally perceived as a risky asset class.
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