GOLDEN MOVE: Gold rose after a forecast calling for the European economy to shrink this year triggered concerns about global economic growth.
EUROPE'S TROUBLES: The European Commission predicted the economy for countries that use the euro will shrink 0.3 percent this year. The forecast created concerns that government austerity measures being used to curb debt loads there could be slowing growth down.
DOLLAR'S IMPACT: Most commodities benefited from a weaker dollar. Since commodities are priced in dollars, a weaker dollar makes them cheaper for traders who use other currencies.