Precious Metals

Bloomberg reported that gold fell to a four-week low in Tuesday trading, pressured down by investor concern over lack of progress with U.S. budget talks.

Bloomberg reported that gold fell to a four-week low in Tuesday trading, pressured down by investor concern over lack of progress with U.S. budget talks.

As quoted in the market report:

Commodities retreated for the first time in four days as talks over the so-called fiscal cliff of spending cuts and tax increases remained deadlocked. Gold slid about $12 an ounce in about a minute during Asian trading today, data compiled by Bloomberg show. The sell-off was probably amid “frustration” that prices remain below $1,750 and during a period of low liquidity, UBS AG said in a report. Gold pared some losses as the dollar reached a six-week low versus the euro.

To view the whole market report, click here.

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TSX21537.45+179.89
TSXV909.71+6.72
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COMMODITIES

Commodities
Gold1819.25+2.78
Silver23.02+0.08
Copper4.43-0.11
Palladium1878.32+12.32
Platinum976.51+5.51
Oil84.30+2.18
Heating Oil2.610.00
Natural Gas4.25-0.02

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