Silver Leads Gains Among Metals, Gold, Tin Rise as Well

Silver Leads Gains Among Metals, Gold, Tin Rise as Well

Commodities rose for a seventh day to a two-year high, led by cotton and silver, on optimism about economic recovery and on a weaker dollar. Gold and tin climbed to records.

The Standard & Poor?s GSCI Spot Index of 24 raw-materials futures reached 753.89 points, the highest level since Aug. 4, 2008. It was up 1.1 percent at 753.54 at 10:45 a.m. London time, for a weekly gain of 3 percent, on course for the biggest increase in five weeks. Silver for immediate delivery touched $40.235 an ounce, and cotton reached $2.124 a pound.

Source: Silver Leads Gains Among Metals, Gold, Tin Rise as Well