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Gold to oil climb as commodities reach six-month high on Ukraine

Posted on 04 March 2014

Gains in everything from gold to oil drove commodities to the highest since September as Ukraine’s turmoil boosted the appeal of haven assets and fueled concern that energy and agricultural supplies will be disrupted.
The Standard & Poor’s GSCI Spot Index (SPGSCI) of 24 raw materials climbed as much as 2.1 percent to 663.48 yesterday, the highest since Sept. 9, and settled at 660.22 in New York. Crude oil jumped as much as 2.6 percent, wheat surged 7 percent, while gold increased 2.5 percent. Corn and gasoline also rose………………………………………..Full Article: Source


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