Macroeconomic outlook for commodity prices
LME market comments — The LME complex has been pushed into red in early trade, over concerns that the economic and financial impact of Japan’s earthquake/tsunami/nuclear crisis would hurt the demand for industrial metals. Equity markets across Europe and Asia fell noticeably after the Japanese prime minister warned of the risks of further radiation leaks. The precious metal groups are also trading in the red, with gold falling due to fund and Japanese institutional liquidation
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