Commodities Post Longest Run of Weekly Gains Since 1996
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Commodities rose, capping the longest run of weekly gains in 17 years, on mounting speculation that the economies in the U.S. and China will rebound, boosting demand for metals, energy and crops.
The Standard & Poor’s GSCI Spot Index of 24 raw materials advanced 0.5 percent to settle at 679.05 at 3:45 p.m. New York time, led by industrial metals and energy. The broad gauge climbed for the eighth straight week, the longest rally since January 1996.