Summary Box: Broad sell-off in commodities follows S&P cut in Greece, Portugal ratings

Summary Box: Commodities sell-off on Europe woes

FLEEING RISK: Commodities followed stocks lower after Standard & Poor’s downgraded the debt of Greece and Portugal, sending investors into safer assets like the U.S. dollar.

GOLD SHINES: Gold for June delivery jumped $8.20 to settle at $1,162.20 an ounce. It was one of the few commodities to rise.

DOLLAR BOUNCE: Commodities prices were also hurt as the dollar benefited from investors’ flight to safety. A stronger dollar makes commodities more expensive for foreign investors.