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RR1:AU
Rights Issue and Shortfall
Gold Down Nearly 3 Percent, Oil Drops Over 4 Percent
Dec. 14, 2011 10:42AM PST
Eurozone debt concerns along with a declining euro have pushed commodities down with gold and oil posting significant declines.
Commodities slumped on Wednesday with gold and oil leading the pack as Eurozone worries continue, amplified by a declining euro.
Gold dropped below a 200-day moving average with spot prices posting a near 3 percent decline to $1,585.49 by 16:00 GMT. January crude oil fell in its biggest single-day drop since September 22 to $95.76 on the NYMEX.
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MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 2381.07 | -0.73 | |
| Silver | 28.86 | -0.03 | |
| Copper | 4.37 | -0.01 | |
| Oil | 85.86 | +0.45 | |
| Heating Oil | 2.67 | +0.01 | |
| Natural Gas | 1.69 | -0.01 | |
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