Nov. 23 (Bloomberg) -- The Standard & Poor’s GSCI gauge of 24 commodities fell 0.2 percent to 644.53 at 6 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials rose 0.1 percent to 1,572.03.
Crude dropped in New York, erasing a weekly advance, after a truce between Israel and Hamas held for a second day, easing concern that the conflict would disrupt supplies from producers in the Middle East.
Copper gained, poised for a second weekly advance, after signs that China’s economy is rebounding raised expectations that consumption in the world’s largest user will rise next year.
Gold headed for a weekly gain in London as a weaker dollar spurred demand for the metal as an alternative investment. Palladium was set for its best week in two months.
GRAINS, OILSEEDS, SOFT COMMODITIES
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