Metals, Oil Follow Stocks Down as Fiscal Cliff Approaches

Prices for metals and oil are ending lower, following stocks downward as investors wait to see whether lawmakers will hammer out a compromise on the "fiscal cliff."

Silver, palladium, and platinum are down the most, about 1 percent each, despite scattered hints that the economy might be improving. Markets have been yanked around all week by worries about the "fiscal cliff," which refers to broad tax increases and government spending cuts that will kick in Tuesday if Republicans and Democrats can't reach a budget deal before then.

In New York, benchmark crude has closed lower. In London, Brent crude also fell.

Agricultural commodities were the exception. Prices for wheat, corn, and soybeans all rose.

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.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2172038, ~/Articles/ArticleHandler.aspx, 10/21/2016 12:52:30 PM

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...

Today's Market

updated Moments ago Sponsored by:
DOW 18,112.60 -49.75 -0.27%
S&P 500 2,137.98 -3.36 -0.16%
NASD 5,249.24 7.41 0.14%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes