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.

FULL STORY

Related posts:

1. Will The Dollar Hinder Precious Metals In The Short-Term? (GLD, GDX, GDXJ, SLV, DZZ)
2. EU Summit Produces a Long-Term Solution for a Short-Term Crisis (FEZ, EKH, FDD, IFEU, IEV, EUFN)
3. Why You Should Stay Short Gold and Silver For The Short Term (GLD, SLV, ZSL, GLL, EUO, SPXU, SH)
4. ProShares To Begin Trading The ProShares Short VIX Short-Term Futures ETF (SVXY) Tuesday, October 4th

ETF BASIC NEWS