Commodities Head for Biggest Monthly Decline in a Year on China, Europe

Bloomberg reports commodities headed for the biggest monthly drop in a year as concerns in China and Europe fanned speculation.

The market news is quoted as saying,

The Standard & Poor’s GSCI Spot Index of 24 raw materials dropped 6.7 percent this month, the first monthly decline since August and the biggest since May 2010. The index gained 1.4 percent by 2:55 p.m. London time. Silver futures were the worst performer, slumping 21 percent, followed by nickel and cotton.

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