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Commodities benefit from hopeful economic signs

Posted on 20 November 2012

Oil rallied nearly 3 percent on Monday to the highest level since mid-October on worries about escalating violence in the Middle East and on signs of progress in talks to avert a looming U.S. budget crisis.
Gold climbed 1 percent, clawing back all of last week’s decline, and copper rose to a two-week high in a broader commodities market rally that also bolstered grains and softs. The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, notched its steepest gain in two weeks and jumped to a 3-1/2 week peak as the dollar slipped 0.5 percent. ……………………………………….Full Article: Source


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