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Commodities Briefing - Categorized | Market Moves, Price Watch more

Commodities rebound from 10-month low on Fed’s stimulus signals

Posted on 06 October 2011

Commodities rebounded from the lowest in 10 months after Federal Reserve Chairman Ben S. Bernanke said that the central bank may take further steps to sustain an economic recovery.
The Standard & Poor’s GSCI index of raw materials rose 2.8 percent to settle at 592.03 at 3:48 p.m. New York time, the biggest gain since Sept. 27. Energy and agricultural prices led the rally. Crude oil had the biggest increase since May, while wheat advanced the most in two months……………………………………….Full Article: Source


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