Metals And Energy Prices Drop
The Associated Press
Prices of precious metals fell as the U.S. dollar rose.
December gold fell $17.40 to $1,307.20 an ounce. The U.S. dollar index rose to its highest level in two weeks, diminishing the appeal of gold as an alternative to holding dollars.
Other metals also fell. December silver fell 55.2 cents to $21.891 an ounce and copper fell 6.15 cents to $3.231 a pound. January platinum fell $20.70 to $1,383 an ounce and December palladium fell $10.80 to $704.10 an ounce.Energy prices fell. November crude oil dropped $1.88 to $101.61 a barrel after the U.S. Energy Information Administration reported that crude supplies rose sharply last week. In other energy trading, wholesale gasoline fell 1 cent to $2.62 per gallon, natural gas lost 4 cents to $3.68 per 1,000 cubic feet and heating oil fell 2 cents to $3.02 per gallon. Agricultural futures were mixed. Corn for December delivery edged up 1.75 cents to $4.435 a bushel. December wheat slipped 3 cents to $6.905 a bushel, and November soybeans fell 1 cent to $12.8775 a bushel.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV