News Summary: Metals, oil fall as cliff nears

News Summary: Prices for metals, oil fall as investors wait and see on fiscal cliff

Associated Press

MOPEY METALS: Prices for palladium, platinum, silver and other metals fell even though there were signs that the economy is improving. Pending home sales rose, and so did a measure of manufacturing.

THE WITCHING HOUR: That's because investors are unnerved about the "fiscal cliff." Higher taxes and lower government spending will kick in if Republicans and Democrats can't reach a budget compromise by midnight Monday.

LOSING ENERGY: Prices for energy commodities also fell. Benchmark crude, Brent crude, gasoline and heating oil all finished lower.

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