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Commodities Prices Are Surging Again

  • Spot price gauge hits 10-year high amid gas, metals rallies
  • Central banks could be pressured to curb massive stimulus
Bloomberg business news
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Commodities have surged to a 10-year high amid rising costs for goods the world relies on for construction, manufacturing and keeping on the lights. 

Materials from aluminum to steel have seen renewed rallies and European gas and power have hit fresh records. A gauge of spot commodities prices jumped to the highest level since May 2011. That’s threatening faster inflation, increasing consumer costs and putting pressure on central banks to curb the massive stimulus measures behind much of the raw-materials advance.