Wednesday, 2 March 2011
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Copper, Corn May Slump on Mideast Unrest as Gold Jumps to $1,500, UBS Says
Copper, corn and rubber may tumble in the next six months, while gold climbs to a record $1,500 an ounce as turmoil in the Middle East boosts oil, fuels inflation and weakens Chinese raw-material demand, according to UBS AG. "There's more potential for a correction in most of the commodities," Peter Hickson, global commodities strategist at Switzerland's largest bank, said by phone yesterday. "
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