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Commodities fell again Friday as investors became increasingly pessimistic about the global economy. Uneasy investors pulled money out of riskier investments like commodities and poured money into safer assets like the dollar and bonds. A stronger dollar has an especially bad effect on commodities because it makes them less attractive to overseas investors. Investors remain on edge about how some struggling European nations, including Portugal, Spain and Greece, will cope with mounting budget deficits. Greece has been veering closer to defaulting on its debt, while Portugal’s opposition blocked austerity measures Friday aimed at trimming that country’s ballooning budget deficits. read more

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