A quick fall in gold is the latest sign of teetering commodity markets
Gold fell almost $10 in a quick, unexplained moved to $1160 and then continued below the July 1 low of $1156. It's now trading at the lowest since mid-March.
Yesterday oil prices plunged and today a whole host of commodities are getting beat up.
- Nickel -2.5%
- Copper -2.5%
- Silver -1.6%
- Corn -1.6%
- Wheat -1.6%
- Aluminum -0.9%
- Palladium at a two-year low
Oil is also slightly lower after the absolute rout yesterday.
There are two big drivers. 1) US strength 2) worries about the global economy and China
