Commodities Are on Their Longest Winning Streak in History
- Bloomberg Commodity Index set for 15th consecutive daily climb
- Gauge moves higher as crude rallies and base metals advance
Rhodes Says Gold Had Solid Year in 2017
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Commodities are forging a record-setting run of gains that straddles the end of 2017 and the start of the new year as crude oil notches multiyear highs and investors bet that booming global manufacturing output will help to sustain rising demand for raw materials.
The Bloomberg Commodity Index, which tracks returns on 22 raw materials, was poised for an unprecedented 15 days of gains on Thursday. The index may be headed for further advances as metals and oil climb higher, supported by supply disruptions, a weaker dollar and improving demand. Palladium, used in car exhaust systems, is approaching an all-time high.