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Commodities to Jump, Standard Chartered’s Murthy Says

Commodity prices are set to surge, driven by a weaker dollar and increased demand, according to Standard Chartered Plc, which plans to boost hiring in metals, agriculture and coal by 10 percent next year as revenue climbs.

“We’re still in a leg up,” Arun Murthy, global head of commodities, said in an interview. “You may have 10 percent, 15 percent retracement in prices, but that would offer a buying opportunity,” said Murthy, who spent 11 years at Goldman Sachs Group Inc.’s commodities team in Singapore and worked at Lehman Brothers Holdings Inc. before joining Standard Chartered.