| Commodities rose, capping the biggest two-day gain in three months, after an unexpected drop in U.S. jobless claims spurred optimism for the U.S. economy, bolstering prospects for crop and industrial-metal demand.
The Standard & Poor’s GSCI Index of 24 raw materials rose 2.1 percent to settle at 643.41 at 3:45 p.m. in New York. Metals including lead and zinc led the rally. Corn, wheat and soybeans jumped after the U.S. government forecast smaller crops. Gold tumbled the most in seven weeks..............................................Full Article: Source
|