Commodities Head for Biggest Drop in Almost Four Weeks, Led by Metal Slump

Commodities fell, heading for the biggest drop in four weeks, as the dollar’s rally and Europe’s debt woes eroded prospects for raw materials.

The Standard & Poor’s GSCI index of 24 energy, metal and agriculture prices dropped 1.9 percent to 635.89 at 9:12 a.m. New York time. A close at that level would mark the biggest decline since Nov. 17.

Silver plunged as much as 5.8 percent, and industrial metals tumbled. Gold extended a slump to a seven-week low.

To contact the editor responsible for this story: Patrick McKiernan at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.