Fears rise that Australia's resources boom ending

1points Posted 328 days ago by durx

Fears are growing that the commodities boom is ending as investors who have fled the oil market desert gold, copper and other metals.

Oil prices have slumped 23 per cent in four weeks, while gold and copper have fallen by similar amounts and last week lead plunged 15 per cent.

The falls follow a fundamental shift in financial flows as investors prepare for a global slowdown, News Ltd reports.

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