Commodities

Gold Advances for Sixth Straight Session on Speculation Dollar to Retreat Gold prices climbed for the sixth straight session on speculation that the dollar will decline, boosting demand for the metal as an alternative investment.

`Staggering' China Commodity Demand to Pace Global Recovery, Lennon Says Global commodity demand will have a steady recovery in the first half next year, with China leading consumption, according to Macquarie Securities Group.

Wheat Prices Fall for Third Day in Chicago as Demand for U.S. Grain Drops Wheat fell for a third straight day as demand for U.S. grain slid, eroded by rising global supplies.

Indian Rice Imports to Cause `Major Swing' in Trade, Price Gain, Olam Says Indian rice imports next year will create a “fairly major swing” in global trade and push prices higher, commodities supplier Olam International Ltd. said.

Copper Prices Rebound, Erase Early Drop, as Demand for Hard Assets Climbs Copper prices rose, reversing an earlier decline, as inflation concerns boosted the appeal of raw materials as an alternative investment.

Aluminum Prices in China May Rise on Power Costs Increase, Essence Says Aluminum prices may rise in China, the world’s largest producer, after the government increased power rates, which will spur Aluminum Corp. of China Ltd. and rivals to pass on the costs to users, said Essence Securities Co.