New York-Premature pronouncements that commodities,the darlings of the investment world the past four years,had fallen from grace were proven wrong January 23 with a broad-based rally across multiple sectors.March crude futures on the New York Mercantile Exchange settled 2.46 higher at 55.04/barrel.Base and precious metals,energies and grains were all in the positive column with the US Dollar Index on the New York Board of Trade only marginally weaker.The US Dollar Index was 37 points lower at 84.65.The US dollar and commodities generally move inverse to one another.
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