Commodities values rise as sentiment improves over Greece

Improved investor sentiment about the potential outcome of Greece's sovereign debt bailout helped boost prices of commodities such as oil and precious metals to their highest levels in almost six months.

According to Bloomberg, global stocks have been rallying thanks to renewed hope that an agreement for a €130 billion bailout can be reached by Monday.

The MSCI All-Country World Index started the day strongly, rising by 0.5 per cent, while S&P's GSCI Index, which lists 24 commodities, was also up by 0.3 per cent.

Commodities are traditionally a popular choice for investors looking to protect the value of their private wealth when paper currencies are fluctuating, as these have intrinsic value.

One fund manager told the publication: "When there's a bit of relief from the European front, the markets can focus on fundamentals, which seem to be improving by the day."

If you want to manage your own investments in stocks and commodities, managed advisory services are worthwhile as they give you strategic and tactical guidance.

However, for those who are unsure of the best investments to make, discretionary services might be more appropriate, allowing an expert to manage your wealth for you.ADNFCR-2318-ID-801295839-ADNFCR