The Bloomberg Commodity Index was heading for a small monthly decline of 1.2% following a volatile month were the mid-month banking crisis brifly saw the index hit a 14-month low. Questions remain about financial stability but for now the market has concluded that a recession, if materialising in EU and the US, will be shallow and offset by rate cuts and growth elsewhere. Gold, silver and sugar the star performers while natural gas, one of the worlds most important sources of energy lost more than one quarter of its value. Following a month of turmoil across the banking industry, the Bloomberg Commodity Index was ... (full story)