28.06.2011 - Commodities tumble to five-month low on basel fules, Greek risk
Commodities declined to their lowest level since January, extending two weekly losses, after regulators raised capital adequacy requirements for the world's biggest lenders and before Greece votes on austerity measures. Crude oil dropped 1 percent to $90.24 a barrel and copper dropped 0.9 percent to $8,965 a metric ton. Gold for immediate delivery lost as much as 0.3 percent to $1,498.15 an ounce, the cheapest price since May 20. The Standard & Poor's GSCI index of 24 raw materials fell as much as 1 percent to 638.28, the lowest level since Jan. 28...............................................Full Article: Source
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