Commodities Rise for Seventh Day to Two-Year High, Led by Cotton – Bloomberg.com

Commodities Apr 09, 2011 No Comments

Commodities rose for a seventh day to a two-year high, led by cotton and silver, on optimism about economic recovery and a weaker dollar. Gold and tin climbed to records.

The Standard & Poor’s GSCI Spot Index of 24 raw-materials futures reached 757.22 points, the highest level since Aug. 4, 2008. It was up 1.6 percent at 756.57 by 8:44 a.m. New York time, for a weekly gain of 3.4 percent, on course for the biggest increase in five weeks. Silver for immediate delivery touched $40.30 an ounce, and cotton reached $2.124 a pound.

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via Commodities Rise for Seventh Day to Two-Year High, Led by Cotton – Bloomberg.com.

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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.