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Commodities slump as Cyprus sparks declines from oil to copper

Posted on 18 March 2013

Commodities fell as Cyprus rekindled concern that Europe’s debt crisis may deepen, with copper dropping by the most in five months, pacing declines in industrial metals and oil. Rubber and wheat also slid while gold rose to a two-week high.
The Standard & Poor’s GSCI Spot Index of 24 raw materials fell 0.8 percent at 11:16 a.m. Seoul time while copper for delivery in three months dropped as much as 2.7 percent, the biggest loss since Oct. 19, to a four-month low of $7,545.75 a metric ton on the London Metal Exchange………………………………………..Full Article: Source


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