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Commodities Fall, Head for Biggest Slump in Almost Four Weeks

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Dec. 14 (Bloomberg) -- 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 pmckiernan@bloomberg.net