Dragged down by poorly performing single-commodity indexes for silver, copper and lead, The Dow Jones-UBS Commodity Index fell 14.74% for the month of September. Market participants also braced for sharp decreases in metals tied to the production of goods for consumer use and cited downgrades to global growth forecasts as other key factors in the index’s hefty monthly plunge.
Notable among the forecasts was the September 20 International Monetary Fund (IMF) announcement that the IMF had lowered its growth outlook through 2012, saying the global economy has entered a “dangerous new phase.”
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access