Commodities Rally on Speculation China May Ease Monetary Policy
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Commodities rose the most in two weeks amid speculation that China may ease monetary policy, boosting prospects for raw-material demand, after its economy expanded at the slowest pace in more than two years.
The Standard & Poor’s GSCI Spot Index of 24 raw materials climbed 1.2 percent to settle at 659.56 at 3:43 p.m. New York time, the biggest gain since Jan. 3. A gauge of industrial metals rose to an 11-week high, leading the rally.