Commodity Meltdown Deepens as Expanding Gluts Drag Down Shares
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There are few places left to hide from the commodity meltdown that’s dragging down shares of miners and energy producers and sending gold prices to their lowest since 2010.
The Bloomberg Commodity Index fell in a four-day selloff that’s the worst losing streak in three months. Brent oil capped the longest run of weekly declines since January, copper is languishing near its lowest since 2009 and wheat fell for a sixth session.