Commodity prices are mostly higher this morning, up on increased expectations for another round of Fed easing. The US dollar is down 0.1% to 81.399 on dollar-printing hopes, helping boost dollar-denominated commodities. Oil is up 0.5% in electronic trade at $97.71, also lifted by the government’s weekly stockpile report that showed a greater-then-forecast, 5.4 million barrel drawdown. Gold has jumped 1.2% to $1660.90 in this morning’s electronic trade, and silver is 2.3% higher at $30.24. Copper, lifted both from the dollar’s impact and China easing hopes, is up 0.9% at $3.45. |