Sunday, November 8, 2009

Commodities Demand Is ‘Trend to Stay,’ Barclays Says

(Bloomberg) -- Investor demand for commodities that helped drive gold to a record this week and copper and crude oil to one-year highs is “a trend to stay” as buyers diversify from stocks and bonds, according to Barclays Capital. Commodity assets under management climbed a “robust” $2.2 billion last month, Barclays Capital said in a report two days ago. Hedge funds and other speculators increased their “net- long” positions, or bets on higher U.S. commodity futures prices, to the most since July 2008, government figures show.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBbwt8v.ScGc

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