Biggest Monthly Commodity Gain Since 2010

Posted by Bigtrends on April 29, 2016 12:16 PM

Dollar's Retreat Spurs Biggest Commodity Gains Since 2010

by James Regan

The Bloomberg Commodity Index is poised for its biggest monthly jump since 2010 as fading prospects for a U.S. interest-rate increase this year weigh on the greenback. A gauge of dollar strength is the lowest it’s been in 11 months, helping support raw materials that are priced in the U.S. currency. Crude oil has jumped 20 percent in New York since the end of March, while gold and silver are at 15-month highs.

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Courtesy of bloomberg.com

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