On
Monday commodity value replicated trend of other markets and declined as
investors are competing for gaining safe asset in form of cash on increased
worries about debt distress across Europe and US. According to Carlos Sanchez,
CPM Group's precious metals analyst commodity markets in Europe and US is 3%
and 2% off respectively while Asia has lost more than 2%. Oil prices also have
diminished by 75 cents reaching $96.92 per barrel.