The Commodity Slide
Thursday, March 20, 2008
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The price of gold, silver, oil, and other commodities have declined sharply in the wake of the Federal Reserve's latest interest rate decision. NBR New York bureau chief Scott Gurvey finds out what is driving this commodity sell-off.
Discuss this story on XChange - The NBR Blog.
Related NBR Stories & Links
- 03-19-08: Investors Abandon Gold, Grain & Oil
- 03-03-08: Gold & Oil Go Black while the Greenback Sees Red
- 01-14-08: Gold Shines to a Record High
- 01-02-07: Will Commodities Remain Golden in 2007?
- 11-09-07: Wachovia Adds To Wall Street's Weak Week
External/Links Articles*
The EIA is an agency of the U.S. Department of Energy. This links to the section of the EIA website dedicated to "Petroleum" statistics.
The London Metal Exchange focuses on copper and tin and other non-ferrous metals.
NYMEX is a major commodity futures exchange and "the preeminent trading forum for energy and precious metals."
FSA regulates all providers of financial services in the United Kingdom. This links to a March 2007 FSA report titled, "Growth in Commodity Investment: Risks and Challenges for Commodity Market Participants."
The CFTC is "an independent agency with the mandate to regulate commodity futures and option markets in the United States."
The USGS "serves the Nation by providing reliable scientific information to describe and understand the Earth." This links to historical data on metals prices in the United States through 1998.
*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.
