Key highlights from the S&P GSCI® include:
- The 24 S&P GSCI commodities were generally positive in July, with 15 commodities posting gains, driving the index up 4.9% MTD.
- The S&P GSCI Energy gained significantly, up 7.1% MTD, due to fundamentals driving up oil and unleaded gasoline. Gas had its fourth greatest July gain ever.
- The S&P GSCI Gold was up 7.1% in July, rebounding after its worst month in June since 1981. Fundamental support from bank buying bolstered the metal.
- The worst-performing sector in the index was S&P GSCI Agriculture, losing 2.8%. Corn, the worst performing commodity in July, lost 8.8% mainly due to weather.
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