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.
West Texas Intermediate for January delivery dropped as much as 0.8 percent to $86.71 a barrel in electronic trading on the New York Mercantile Exchange. That’s within 4 cents of last
Asia’s gasoil crack spread is poised for the biggest weekly
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.
Metal for delivery in three months rose 0.2 percent to $7,728 a metric ton on the London Metal Exchange at 3:18 p.m. in
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.