Commodities dropped, led by silver, copper and gasoline, after data showed manufacturing growth is expanding at a slower pace in China, the world’s biggest consumer of metals and energy.
The Standard & Poor’s GSCI Spot Index of 24 raw materials dropped as much as 1.1 percent to 602.13. It traded at 608.49 at 11:59 a.m. in New York. The GSCI touched 596.36 on April 18, the lowest level since July 2. Silver tumbled as much as 3.3 percent today, copper fell 2.4 percent and West Texas Intermediate crude lost as much as 1.6 percent.