Commodities Fall Most in Seven Weeks on Dollar, Equity Outlook
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Commodities fell the most in seven weeks on bets that a global rebound in the economy will bolster the dollar and equities, eroding investor demand for metals, energy and crops as alternative investments.
The Thomson Reuters/Jefferies CRB Index of 19 raw materials fell 5.29, or 1.6 percent, to close at 327.73 at 5:18 p.m. New York time, the biggest decline since Nov. 16. Gold tumbled the most in six months, crude oil had the biggest drop in seven weeks and sugar and cocoa slid more than 3 percent.