Copper Falls, Capping Weekly Decline on European Debt Crisis

Copper fell, capping a fourth straight weekly drop, as rising European borrowing costs fueled concern that the region’s debt crisis is deepening.

Italy’s borrowing costs almost doubled at an auction today as the euro declined, increasing concern that the world’s fourth-largest borrower may struggle to finance its debt. The Standard & Poor’s index of 24 commodities fell as much as 0.9 percent on concern that global growth will slow.