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On November 17, commodities generally fell
.
Gold fell 1.
5% to a low of $1,064 an ounce, a five-year low
.
New copper reached an intraday low of $2.
075 a pound, a new low
in more than six years.
Commodities extended their previous declines
.
China's economic slowdown is an important reason for
the decline in commodities.
Gold, silver, copper, crude oil, iron ore all fell
.
Copper producers such as Glencore have cut production, but to no avail
.
China's reduced demand for copper makes it difficult to change
the fundamentals of copper oversupply.
On November 17, commodities generally fell
.
Gold fell 1.
5% to a low of $1,064 an ounce, a five-year low
.
New copper reached an intraday low of $2.
075 a pound, a new low
in more than six years.
Commodities extended their previous declines
.
China's economic slowdown is an important reason for
the decline in commodities.
Gold, silver, copper, crude oil, iron ore all fell
.
Copper producers such as Glencore have cut production, but to no avail
.
China's reduced demand for copper makes it difficult to change
the fundamentals of copper oversupply.
