Commodity Blog

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Did Meat Become Too Expensive? Posted: 20 Dec 2012 06:32 PM PST Cattle futures went down on speculations that high prices will deter investors from buying the commodity. Cattle prices have rallied 17 percent since the end of April, while prices for wholesale beef were up 8 percent since the end of July. Analysts think that meat became too expensive and the current level of prices may hurt demand. The commodities were also hurt by the general sentiment on markets. Traders [...]

Gold & Silver Threaten to Erase This Year’s Gains Posted: 20 Dec 2012 03:21 PM PST Precious metals dropped hard today as accelerating economic growth in the United States spurred concerns that the Federal Reserve may refrain from further monetary easing. US gross domestic product grew 3.1 percent in the third quarter of 2012 from the preceding quarter, compared to the forecast of 2.8 percent. Fears of the fiscal cliff in the USA were not helping the metals either. Gold and silver demonstrated a huge drop this week, reaching [...]

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