April 27 (Bloomberg)
Copper fell, touching a two-week low, on concern that the spread of swine flu will hurt efforts to revive the economy, limiting demand for industrial metals.
Gold tumbled from a three-week high in New York as concerns about a flu epidemic helped push the dollar higher and oil lower, cutting demand for the metal as an alternative investment. Speculation that an outbreak of swine flu will curb demand for raw materials didn’t directly affect gold prices, John Reade, UBS AG’s head metals strategist in London, said today in a report.
Hog and pork-belly futures fell the most allowed by the Chicago Mercantile Exchange on speculation that pork demand will shrink as swine flu spreads around the world. Cattle also sank.
Soybean, Corn, Wheat prices tumbled the most in two months, and grain futures fell on speculation that a swine- flu outbreak will curb demand for livestock feed and pork.
Tidak ada komentar:
Posting Komentar