Commodities
Gold Gains in New York and London as Weaker Dollar Spurs Investor Demand Gold gained in New York and London as
a weaker dollar increased demand for bullion as an alternative
investment. Other precious metals rose.
Sugar Advances in London on Speculation Worldwide Supply Gap May Persist White sugar rose for a second day in
London on speculation that a global production shortfall may
persist and spur importers to boost stockpiles.
Cotton Rises by Exchange Limit in New York as High Demand Tightens Supply Cotton prices surged the most allowed
by ICE Futures U.S., reaching a three-week high, after the U.S.
Department of Agriculture raised its forecast for exports of the
fiber by 9.1 percent.
Oil, Copper, Sugar Are Top Commodity Picks, Morgan Stanley's Allidina Says Copper, crude oil and sugar are the
top picks among commodities, with the three set to gain on
increasing emerging-market demand and supply constraints as the
global economy recovers, according to Morgan Stanley.
Oil May Advance to $75 a Barrel Before Revisiting Lows: Technical Analysis Crude oil is poised to rise to $75 a
barrel, recouping a week’s losses, before the market revisits
chart support around $70, said National Australia Bank Ltd.