Friday, January 27, 2012

Summary Box: Most commodities rally a second day (AP)

BUILDING MOMENTUM: Most commodities rallied for a second day as more proof emerged that the U.S. economy was gaining momentum. Prices for metals, wheat, beans and most energy products rose.

THE IMPETUS: Investors were encouraged by an improvement in orders for long-lasting manufactured goods, which could improve demand for industrial metals like copper, platinum and palladium. But a primary driver of the rally was the Fed's decision to extend its low-interest rate policy.

GAS BLUES: Natural gas prices fell 4.2 percent after the government said U.S. supplies were well above what is normal for this time of year.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_bi_ge/us_commodities_review_summary_box

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