Summary Box: Commodities rally broadly after consumer spending boosts economy

Summary Box: Commodities rally; dollar falls

RISK APPETITE GROWS: Investors became more willing to take on riskier assets like commodities following Friday’s upbeat report on gross domestic product in the U.S. and apparent progress toward resolving Greece’s debt crisis.

DOLLAR DROPS: The weak dollar helped lift commodities. A weak dollar makes it cheaper for foreign investors to buy commodities, which are mostly priced in dollars.

GOLD CLIMBS: Gold for June delivery rose $11.90 to settle at $1,180.70 an ounce on the New York Mercantile Exchange.