Summary Box: Most commodities rally a second day

AP News
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Posted: Jan 26, 2012 3:54 PM
Summary Box: Most commodities rally a second day

BUILDING MOMENTUM: Most commodities rallied for a second day as more proof emerged that the U.S. economy was gaining momentum. Prices for metals, wheat, beans and most energy products rose.

THE IMPETUS: Investors were encouraged by an improvement in orders for long-lasting manufactured goods, which could improve demand for industrial metals like copper, platinum and palladium. But a primary driver of the rally was the Fed's decision to extend its low-interest rate policy.

GAS BLUES: Natural gas prices fell 4.2 percent after the government said U.S. supplies were well above what is normal for this time of year.