Metals fall on risk reduction, seen vulnerable short−term
June 23rd, 2009
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."
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London, 23 June 2009 – Gold broke out of its recent range yesterday as commodities traded lower after the World Bank forecast a deeper recession this year, triggering a rout in commodities and equities and pushing volatility levels sharply higher. The World Bank downwardly revising its global GDP forecast from -1.7% to -2.9%. The CRB and GSC Indexes finishing down 2.6% & 3.1% respectively. NYMEX crude futures for August closed down $2.52 or 3.6%, settling at $70.02/barrel.
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