Wednesday, August 5, 2015

Counting the Cost - Gold, Oil and Copper: Is the Commodity Boom Over?

From Al Jazeera English

Published on Aug 1, 2015
China's stock market crash was big news. But lost in the headlines was the commodities rout. Everything from copper to oil, cotton to sugar has been hit. And unlike stock markets, commodities have an impact on everyday lives. From farmers to miners to consumers to governments, lower prices mean less money and fewer jobs. Gold is often seen as a store of wealth in uncertain times. But right now, gold has tumbled below $1,100 an ounce to a five-year low.