Commodities News
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Sugar traders and analysts are the most bearish in almost three months on mounting speculation that supply will outpace demand for the first time in four years, creating a glut that may persist through 2013.
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Goldman Sachs Group Inc. appointed Greg Agran and Magid Shenouda as co-heads of commodities trading, according to a company memo obtained by Bloomberg News.
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Gold rose the most in more than a week as a drop in the dollar and renewed optimism that Europe will act to tame the debt crisis boosted investor demand.
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Crude oil rose for the first time in three days on hopes that European leaders will reach a deal to contain the region’s debt crisis.