GSCI spot index in Singapore shows an increase

Thursday, 31 March 2011 01:33

The GSCI spot index in Singapore showed an increase of 0.2% to 712.61 this morning in Asian trading, overall gain for the year has been over 13%. The GSCI index is a spot index based on 24 futures contracts and shows the continual gains in commodities accross the globe. Increases in Cotton – 35%, Oil – 15%, Silver – 22% and Lean hogs – 28% all in the last 3 months have helped the index.