Copper, gold, and crude oil prices plunged amid a global financial crisis, driven by investor panic, concerns over economic downturns, and the Federal Reserve's monetary policy response timing. Hedge funds turned predominantly bearish on key commodity contracts.
The selloff reflects worries about a hard landing scenario and a significant economic downturn affecting not only the US but also global markets. Hedge funds are shifting to bearish positions amid mounting concerns about economic growth.
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