Sunday, November 14, 2010

Commodities fall off a cliff

NEW YORK (CNNMoney.com) -- The commodities rally has cooled off, with prices for precious metals, oil and agricultural raw materials plunging Friday after a record-breaking run earlier in the week.

A surprise jump in China's inflation rate spooked investors and sparked a sharp sell-off Friday. China's announcement that consumer prices in the country rose 4.4% in October fueled fears that the world's second-largest economy is barreling ahead at an unsustainable speed. Read on....


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