Technical analysis - Gold loses lustre

Commodities fall as dollar pushes higher

Commodities tumbled further on Friday as the U.S. dollar regained more ground, a sign that the cost of necessities like gasoline and groceries might take less of a toll on Americans' budgets.

Hot Commodities, Stuffed Markets, and Empty Bellies

A very readable behind the scenes look what's behind the rise in food prices. Article explains who's making a killing and who's getting robbed blind. From Dollars & Sense magazine.

Indian bombs shake diamond trade

[Published summary:] - The discovery of more than 20 bombs in Surat in India, the center of the world's diamond cutting and polishing business, has shaken the local industry, already rattled by the weakening global economy and violent demands for higher pay.

After soaring for months, prices for oil, rice, and other commodities are going down

We have had to endure the continual upward spiral in commodity prices for months on end -- finally there is some softening in prices. While prices are still a long way from 2007 levels, they are down markedly.