August 8, 2011 1:20:49 am
Commodities,except gold,will likely fall when markets open on Monday due to a US ratings downgrade and a worsening debt crisis in Europe but panic shall be avoided. Bullion should benefit from renewed risk-aversion while outlook for demand for oil,base metals and grains deteriorates. Strong economic growth in China the worlds top copper consumer,No. 2 oil user and major buyer of grains as well as tight global supplies for some raw materials including coal and iron ore,will provide certain support and some investors may see weakness as a buying opportunity.
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