Strategy focus - Commodities shine as gold prices soar


Gold prices soared to more than $800 per ounce in late October, helping put the Absolute Return Commodities Index on track to turn in one of its strongest years so far. The index rose 2.25% in October, which, following September's climb of 6.3%, lifts the median to a total of 14.61% for the year.

When U.S. credit markets seized up in July and August, nervous traders scrambled to sell assets for cash, sending commodity prices plunging. The Fed's decision to open the liquidity taps in September, however, helped spur a steep rally in gold, silver and other precious