Commodities Set for Longest Run of Weekly Gains Since ’10

Commodities posted the longest run of weekly gains since 2010 as the Federal Reserve’s third round of monetary measures to boost the U.S. economy spurred speculation that energy and metal demand will increase.

The Standard & Poor’s GSCI Spot Index of 24 raw materials rose 1 percent to settle at 694.21 at 4 p.m. New York time, capping a seven-week rally that is the longest since October 2010. Industrial metals led the gains, and crude oil in New York topped $100 a barrel for the first time since May.