Commodities are having a bad day … and year. Turkey, emerging markets, China. What a global mess.
While most commodities are down today, metals are down between 9% (Gold) and 20.6% (Palladium). Copper is down 16.6% for the year.
Over the past two days, precious metals have gotten clobbered.
I was hoping that iron prices were falling too so I could play the “Iron Man” meme. But what the heck!