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News Summary: Metals, Oil Fall As Cliff Nears

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 This material may not be published, broadcast, rewritten or redistributed.

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