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Commodities sink to 2-week low on European Union debt crisis

Posted on 14 December 2011

Commodities fell to a two-week low on mounting concern that the European debt crisis will spread after Moody’s Investors Service said it will review ratings for countries in the region.
The Standard & Poor’s GSCI index of 24 raw materials declined 1.3% on Tuesday to close at 638.93 at 3:44 pm New York time, led by metals. Earlier, the gauge touched 636.8, the lowest since November 25. The measure has dropped 16% from a 32-month high in April………………………………………..Full Article: Source


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