News Summary: Gold rises on "fiscal cliff" outlook

News Summary: Gold edges higher as government looks set to miss fiscal cliff deadline

Associated Press

SAFETY FIRST: Gold edged higher Thursday after Senate Majority Leader Harry Reid said that it appeared the government would miss the deadline for avoiding the "fiscal cliff." That spurred safe-haven buying and halted a decline for the metal.

WORST QUARTER: Gold is still on track for its worst quarter in more than eight years, spurring speculation that the metal's rally is drawing to an end.

NO GRAIN OF COMFORT: Wheat, corn and soybeans extended declines, with wheat on course to record its biggest monthly decline in more than a year.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You