Another wave of economic tsunami about to strike the world
Standard & Poor's
GSCI Spot, which includes the dynamics of prices on 24 kinds of raw
materials, dropped by 5.38 points (0.9%) on October 3 - to 585.62
points, Bloomberg reported. During the third quarter of this year, the
index has dropped by 12%. This is the largest reduction since the last
three months of 2008.
Investors turn their
backs to commodity assets. The volume of commodity market dropped by
$1.08 billion over one week ending September 28. Protective assets
remain the same - gold and silver. These metals have been growing again
recently. Gold lost 11% of its value in September, but it only means
that the precious metal has been inflating its credentials. Investors
use gold and silver as a tool for market hedge.
Source: Pravda.ru
URL: http://english.pravda.ru/business/finance/05-10-2011/119235-economic_tsunami-0/
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