Gold, Copper Lead Gains in Commodities as Obama Wins Second TermSubmitted by emalvini on Wed, 11/07/2012 - 13:11
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.