Commodities Fall to Lowest Since July on ‘Soft’ U.S. Data
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Commodities tumbled to the lowest since July, led by a plunge in precious metals, as U.S. retail sales fell the most in nine months and consumer sentiment unexpectedly declined.
The Standard & Poor’s GSCI Spot Index of 24 raw materials dropped 1.3 percent to close at 623.11 at 3:42 p.m. New York time. Earlier, the gauge touched 617.55, the lowest since July 13. Gold fell into a bear market, and silver plummeted to the lowest since 2010. Crude oil slumped to a one-month low.