Good Tidings For The Economy Propel Commodities From Crude Oil To Corn
Posted on October 29, 2009 at 18:45 PM EDT
Oil, metals and grains jumped about 3% each Thursday, despite worries about oversupply, after data showing GDP growth sparked optimism that the recession may be winding down. Gross domestic product expanded 3.5% in the third quarter, the first growth in more than a year, the Commerce Department said. That sparked a sell-off in the dollar which had risen earlier this week on safe-haven buying by investors worried about the economy and boosted