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Commodities Briefing - Categorized | Market Moves, Trading more

Commodities rise most in four weeks as Europe moves on bailout

Posted on 29 November 2011

Commodities climbed the most in four weeks as European policy makers took steps to stem the region’s debt crisis, and U.S. retail sales surged.
The Standard & Poor’s GSCI index of 24 raw materials rose 1.4 percent to settle at 644.84 at 3:47 p.m. New York time, the biggest gain since Oct. 27. Nineteen commodities climbed, led by metals and energy. The gauge dropped 4.5 percent in the previous two weeks as rising borrowing costs deepened concern that Europe would fail to contain its fiscal turmoil……………………………………….Full Article: Source


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