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Commodities reflect waning confidence in Eurozone
www.tradingfloor.com - Declining confidence in the Eurozone has pushed the crude market lower on fears of lower consumption, while a strengthening dollar has added further downward pressure, according to Ole Hansen, senior manager for CFDs and listed products at Saxo Bank. Gold has hit record highs driven by fears of further decline in the European economies. Copper has fallen by around 10% over the last week with worries about Chinese industrial activity providing the fuel.
06:11 minutes
Tags: commodities, copper, crude, eurusd, futures, gold, markets, oil, platinum, reuterscommodities, silver
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