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2010.09.2813:18:00UTC+00Reuters-Jefferies Crb Index Hits 8-1/2 Month Peak

News:

  • The index hit a high as gold struck new highs and prices of oil, base metals and soft commodities also rose
  • The 19-commodity CRB was up nearly half a pct at 285.33 pts by 1555 GMT, after going to a session peak of 285.70 pts, highest since Jan 14
  • Gold hit a record nearing $1,310 an ounce after a weaker-than-forecast US consumer confidence reading and five-month highs in the euro drove investors away from the US dollar and towards the safe-haven appeal of gold
  • Oil and copper prices rose around half a pct in NY trading, while arabica coffee and raw sugar soared about 3 pct each

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