The global gluts that have plagued markets from crude oil to zinc are finally starting to subside, sending commodities to their biggest monthly gain since December 2010.
The Bloomberg Commodity Index, a measure of returns for 22 components, climbed as much as 1.1 percent on Friday to the highest since November. The gauge is up 8.1 percent in April, beating returns for indexes of global equities, high-yield and investment grade, bonds, Treasuries and all major currencies. Oil in New York headed for the biggest monthly gain in a year, and gold reached the highest in more than a year.
The global gluts that have plagued markets from crude oil to zinc are finally starting to subside, sending commodities to their biggest monthly gain since December 2010.The Bloomberg Commodity Index, a measure of returns for 22 components, climbed as much as 1.1 percent on Friday to the highest since November. The gauge is up 8.1 percent in April, beating returns for indexes of global equities, high-yield and investment grade, bonds, Treasuries and all major currencies. Oil in New York headed for the biggest monthly gain in a year, and gold reached the highest in more than a year.
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Gluts that have plagued the Global Crude Oil from markets to zinc are finally Starting to Subside, sending monthly gain since December Biggest Commodities to their 2010.
The Bloomberg Commodity Index, a measure of Returns for 22 components, climbed as much as 1.1 PERCENT on Friday. to the highest since November. The gauge is up 8.1 percent in April, beating returns for indexes of global equities, high-yield and investment grade, bonds, Treasuries and all major currencies. Oil in New York headed for the biggest monthly gain in a year, and gold reached the highest in more than a year.
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