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Gold Falls On Uncertainty Over US Budget Talks

Other commodities were mostly lower.

Benchmark oil fell 88 cents to finish at $85.89 per barrel, heating oil fell 2.31 cents to $2.9437 per gallon, wholesale gasoline dropped 4.44 cents to $2.6021 and natural gas ended down 3.5 cents at $3.347 per 1,000 cubic feet.

In agricultural crop contracts, March wheat fell 3.5 cents to end at $8.085 per bushel, March corn dropped 5.25 cents to $7.2025 per bushel and January soybeans rose 3 cents to $14.765 per bushel.

Orange juice futures rose for a fourth straight day on concerns about next year's production in Florida. Frozen orange juice concentrate for January delivery rose 3.15 cents, or 2.3 percent, to end at $1.3725 per pound.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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