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Commodities tumble as gloom spreads

Precious metal gold forged a five-year nadir at US$1,074 per ounce on Thursday last week.


COMMODITY markets took a tumble last week on the strong dollar and Chinese demand fears, with major lows for copper, gold, crude oil and zinc.

The prices of many raw materials were hit by concerns over flagging demand arising from weak economic growth in key consumer China...

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