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Commodities surge, led by metals, oil on Chinese manufacturing

Posted on 25 October 2011

Commodities surged, led by copper, nickel, lead and oil after a report showed manufacturing probably expanded in China, the world’s top metal consumer and the fastest-growing user of crude.

The Standard & Poor’s GSCI Index of 24 raw materials gained 2.4 percent as copper rose to the biggest two-day rally since January 2009 and oil futures in New York increased to the highest level in 11 weeks. Commodities also rose after European governments moved closer to containing the region’s debt crisis………………………………………Full Article: Source


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