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October 22, 2009

Topic: News – Commodities rally broadly as dollar weakens – The Associated Press

Filed under: Uncategorized — Tony Spann @ 4:40 am

NEW YORK — Commodities rose broadly Wednesday as the dollar took another tumble, sending prices for gold, oil and soybeans soaring. Gold for December delivery rose $5. Not even a government report showing a glut of crude supplies derailed oil prices Wednesday. On the Chicago Board of Trade, December wheat futures rose 25 cents to $5. December cocoa prices rose $51 to $3,384 a ton after rising to a fresh contract high of $3,387 earlier in the session. read more

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