Stock Commodity Silver Gold Copper Banks Oil

[Paula Abdul]

Copper, Oil, Wheat Climb as Growth May Spur Commodities Demand

he S&P GSCI spot index of 24 commodities rose 0.8 percent, led by gains in sugar, grains and energy as a drop in the dollar added to demand for commodities as an alternative to the U.S. currency. Wheat rallied to its highest in almost two months and the MSCI World Index of stocks extended gains into a fifth week.

“Sentiment improved lately along with an increase in risk appetite,” Tobias Merath, head of commodity research at Credit Suisse Group, wrote in a note today. “Rebounding equity markets were also supportive.”

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