Commodities Snap 4-Day Advance on Fed Speculation, China Credit
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Commodities snapped a four-day winning streak, led by declines in silver and copper, on speculation the Federal Reserve may end its bond-buying program and as China was said to be tightening its credit policy.
The Standard & Poor’s GSCI Index of 24 raw materials lost as much as 0.9 percent to 745.49, the biggest intraday loss since April 19. The index was 0.2 percent lower at 751.12 at 12:47 p.m. London time. Silver fell as much as 5.4 percent and copper slumped 2.5 percent.