Gold, Oil Rise on Hopeful Economic Signs

Commodity prices are higher amid hints that there could be progress in U.S. budget negotiations and with Greece's debt problems.

Prices rose Monday across the board. Gold, oil, wheat, corn, and sugar ended higher, while orange juice, cotton, and natural gas fell.

Investors are encouraged after President Barack Obama and congressional leaders held talks Friday about ways to avoid tax increases and mandatory government spending cuts set to take effect Jan. 1. Without a compromise, some economists believe the U.S. could eventually drop into a recession.

Separately, the Greek government has presented emergency legislation aimed at landing its next bailout payment.

Commodities also are benefiting from a weaker dollar. Because commodities are priced in dollars, a weaker dollar makes them cheaper for traders who use other currencies.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2119979, ~/Articles/ArticleHandler.aspx, 7/25/2014 9:51:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement