Monday 30 November 2009

Dubai Debt Woes Deliver Commodities Wake-Up Call

Dubai's attempt to reschedule its debt delivered a wake-up call to commodities investors who have been flocking to gold, copper and oil.

The specter of default by Dubai World, the investment arm of the government, has highlighted the fragility of the economic recovery and prompted investors to exit commodities and seek a safe haven in other assets.

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