| Commodities declined and headed for their biggest quarterly loss since 2008 as European leaders struggled to tame the region’s sovereign-debt crisis, spurring concern that slowing global growth will cut demand.
The Standard & Poor’s GSCI Spot Index fell as much as 0.9 percent to 598.05 and was at 600.26 as of 10:45 a.m. Singapore time. The gauge was set for a quarterly decline of 10 percent, the worst since the last three months of 2008. Copper fell as much as 5.9 percent to $6,821 a metric ton on the London Metal Exchange and oil lost as much as 1.9 percent..............................................Full Article: Source |