Bloomberg – The rout that drove commodities to a nine-month low is proving irresistible to speculators anticipating that even slowing economic growth will cause shortages of raw materials.
Oil has risen 8 percent since plunging 25 percent in the two weeks to Aug. 9. Copper has rebounded 4.6 percent after sliding 16 percent. The Standard & Poor’s GSCI Enhanced Commodity Index rose 4.2 percent since bottoming almost two weeks ago. Goldman Sachs Group Inc. expects the gauge to gain 20 percent in 12 months, led by energy and industrial metals.
