The price of gold is set for its first calendar year loss in 13 years. The Standard & Poor’s GSCI spot index of 24 raw materials, meanwhile, is heading for its first decline since 2008.
Healthier manufacturing data from China, the world’s top commodity buyer may have helped bolster commodity prices in recent months but gains have been insufficient to offset losses registered in the first half of the year.
As the world’s fastest-growing economy of the past decade rebalances its economy, questions are raised over the impact on commodity prices and the effects on countries that are dependent on Chinese imports.
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