Freeport (NYSE:FCX) Up as Goldman (NYSE:GS) Reiterates "Overweight" on Commodities

Shares of Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) are up today as Goldman Sachs (NYSE:GS) reiterated its "Overweight" rating on commodities.

Freeport rose to $71.08, gaining $1.01, or 1.44 percent as of 2:28 PM EDT.

The dollar also fell today, helping the price of copper push up. Orders which will draw metal from stockpiles also rose to a two-month high.

Dropping almost 1 percent today was the U.S. Dollar Index, which tracks a basket of six currencies against the strength of the greenback.

Besides copper, other metals Goldman Sachs likes are gold, oil, platinum and zinc.