Non-energy commodity prices fell by 1.6 percent in August while energy prices dropped 6.3 percent. Most of the declines were for industrial commodities owing to concerns about demand and numerous macro, financial, and credit risks. Gold and silver prices rose amidst the uncertainty on safe haven buying. Agriculture prices were essentially flat overall, with grains prices up on downgrades to U.S. harvest estimates, but these were offset by declines...
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