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Gold, Copper Lead Gains in Commodities as Obama Wins Second Term

Gold, Copper Lead Gains in Commodities as Obama Wins Second Term

By Glenys Sim and Lananh Nguyen
November 07, 2012

Gold and copper advanced after Barack Obama won a second term as U.S. president, entrenching prospects for continued stimulus in the world’s biggest economy and weakening the dollar.

The Standard & Poor’s GSCI Index of raw materials climbed as much as 0.5 percent to 647.66. Gold advanced to $1,731.82 an ounce in London, the highest in more than two weeks, while copper rose as much as 1.4 percent to $7,806.25 a metric ton.

Read more: http://www.businessweek.com/news/2012-11-07/gold-copper-clim...