* Weak German data, euro zone crisis re-ignite growth fears
* Crude oil down more than 1 percent
* Copper at one-week low; gold slips from 6-1/2-month top
* Soybeans at lowest levels since mid-August
By Barani Krishnan
NEW YORK, Sept 24 (Reuters) – Commodities fell back Monday,
resuming last week’s downtrend, after disappointing German
economic data and the euro zone’s unresolved debt crisis
reinforced concerns over slowing global growth.
Copper prices hit a one-week bottom after a September
reading on German business sentiment dropped for a fifth
successive month to the lowest since 2010. The reading showed
that even Europe’s No. 1 economy was succumbing to a regional
downturn despite stimulus efforts by the European Central Bank.
Crude oil joined the rout, falling more than 1 percent,
after a China Beige Book survey detecting a downturn in business
optimism added to investor caution on the global economy.
Continued…
