In the news:
Originally published Friday, August 3, 2012 at 12:31 PM
News Summary: Commodities rally on US job gains
PRICE RALLY: Most commodity prices rose after the government said 163,000 jobs were added in July after three months of weak hiring. Oil jumped nearly 5 percent, silver rose 3 percent and wheat ended up 3 percent.
The Associated Press
PRICE RALLY: Most commodity prices rose after the government said 163,000 jobs were added in July after three months of weak hiring. Oil jumped nearly 5 percent, silver rose 3 percent and wheat ended up 3 percent.
THE IMPETUS: More jobs could strengthen demand for commodities because employed Americans would be likely to buy products made from them.
WHAT'S NEXT: The U.S. Agriculture Department will issue updated conditions for corn and soybeans Monday afternoon. The devastating drought has damaged both crops at a time when global inventories are low.











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