Commodity Gains Prompted by More Than Dollar Drop, Barclays Says – Bloomberg.com

Commodities Oct 15, 2010 No Comments

Gains in commodities in the past week reflect increased global demand as much as the weakness of the U.S. dollar, according to Barclays Plc.

The Standard & Poor’s GSCI Index of 24 raw materials headed for an eighth weekly advance today, the longest streak since 1996. The Dollar Index lost 0.8 percent this week.

via Commodity Gains Prompted by More Than Dollar Drop, Barclays Says – Bloomberg.com.

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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