Commodities declined to loosen basic supply

Commodities declined on loosening supply fundamentals and rising risk appetite for gold.

The Bloomberg Commodity Index Total Return was lower for the month, with 11 of 23 constituents reporting losses.

Credit Suisse Asset Management observed the following:

• Industrial Metals decreased by 4.90%, led by Nickel lower, after both the London Metal Exchange and Shanghai Futures Exchange reported higher inventory l....