(Bloomberg) - Crude oil and gold traded near records after a slump in the dollar against major currencies boosted the appeal of raw materials as an inflation hedge.
Oil reached a record $100 a barrel yesterday and gold soared to its highest ever. The dollar fell as traders increased the odds of a Federal Reserve cut in borrowing costs this month to 100 percent. Palm oil gained to a record today, soybeans were near a 34-year peak and corn was close to an 11-year high.
Read more at Bloomberg
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