(Bloomberg) — Commodities were punished in an across-the-board sell-off as investors took fright at the coronavirus crisis, with energy, metals and agricultural raw materials driven lower. Even gold, a traditional haven asset, took a hit.The stampede away from risk assets trampled oil, copper, iron and palm oil, with no appetite for dip-buying before the weekend. Bullion’s drop stoked speculation investors needed funds to meet margin calls in equity markets, which were tanking on a welter of negative headlines about the disease.The widespread losses, coinciding with the slide in equities, signal rising fears that demand for commodities will be crushed as …read more
Source:: Yahoo Finance
