(Nov 5): Commodities fell to a five-year low as crude oil to gold lost after the dollar climbed to the highest since 2009, curbing demand for raw materials.

The Bloomberg Commodity Index of 22 raw materials dropped as much as 0.9 percent to 115.4897, the lowest since July 2009, before trading at 115.5085 by 4:34 p.m Singapore time. Spot bullion fell to the lowest since April 2010 as Brent crude sank 1.3 percent.

Commodities headed for a fourth consecutive annual retreat as the Bloomberg Dollar Index surged to the highest since April 2009. The world’s largest economy is recovering, triggering a rally in the dollar and U.S. stocks that diverted investors from gold and energy. A stronger dollar makes commodities priced in greenbacks more expensive in terms of other currencies and less attractive to investors seeking an alternative investment.

Holdings in the SPDR Gold Trust, the largest exchange- traded product backed by the metal, slid 0.3 percent yesterday to 738.8 metric tons, the lowest since September 2008 when Lehman Brothers Holdings Inc. collapsed. Spot metal fell as much as 1.9 percent to $1,146.34 an ounce, according to Bloomberg generic pricing. Brent for December settlement slid as much as $1.07 to $81.75 a barrel on the ICE Futures Europe exchange in London.