Commodities Falling Rapidly Today

With global growth coming to a standstill and recession spreading from the U.S. to the rest of the world, demand for commodities is falling.

Today, gold is down $30/oz. and oil is down $10 per barrel.

The U.S. dollar also is gaining value today, especially relative to the Pound, Euro, Canadian $, and Australian $.

The gain in the U.S. dollar is exacerbating the downside move in commodities.

The relief in commodity prices is welcome for those of us who have had limited pay increases over the past two years.