Wednesday, December 23, 2009

Most Commodity Prices Reaches New Highs

While gold is way below the $1,200, other commodities are at or close to the highs reached earlier this year even in terms of U.S. dollars. Cocoa is one example of this and the overall CRB index (which includes gold) is just 2% below its high. And with the dollar up more than 4% against the euro and most other currencies, this means that overall commodity prices are at their highest level this year in terms of most currencies, reflecting strong global demand.