Commodities Reach New Highs on Rosy Oil-Demand Outlook
- Bloomberg Commodity Spot Index at levels not seen since 2012
- Weaker dollar stokes investor appetite for precious metals
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Commodities prices jumped to new highs as signs of economic recovery raised hopes of renewed energy demand and a weaker dollar stoked investor appetite for precious metals.
The Bloomberg Commodity Spot Index, which tracks price movements for 23 raw materials, rose 0.7% Monday. The index is at levels not seen since 2012.