Commodities: Behind the Global Boom

The falling value of the dollar combined with tight supplies has fueled a big runup in commodities markets

Oil, wheat, gold, coffee—it seems everywhere a commodity investor turns, prices are soaring. On Sept. 19 and 20, oil hit an all-time record of $84 a barrel and gold jumped to $747, the highest since January, 1980. Barclays' iShares Standard & Poor's Goldman Sachs Commodity Index exchange-traded fund (GSG) has gained 14% over the past month, almost triple the stock market's gain.

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