Arab Today, arab today metals fall on worries of long european crisis
Last Updated : GMT 20:32:43
Arab Today, arab today
Arab Today, arab today

Metals Fall on Worries of Long European Crisis

Arab Today, arab today

Arab Today, arab today Metals Fall on Worries of Long European Crisis

New York - Spa

Metal prices fell Monday on increasing doubts that European leaders will act soon to contain that region\'s financial crisis, AP reported. Copper for December delivery dropped 3.05 cents, or nearly 1 percent, to end at $3.3780 a pound. January platinum fell $3.10 to finish at $1,551.80 an ounce. December palladium lost $3.75, or 0.6 percent, to $616.80 an ounce. Metals including copper and palladium rose last week. Investors were hoping that European finance ministers would strike a deal to slow the debt crisis there and prevent it from affecting the global economy. That confidence was shaken Monday when a spokesman for German Chancellor Angela Merkel suggested a full rescue package could take months to craft. Steffen Seibert said an upcoming weekend EU meeting will only be an \"important step\" on a long road to fixing the European financial crisis. European leaders are working on a major rescue package for European banks and heavily indebted nations like Greece, Seibert said. But it\'s unrealistic to expect the problems will be solved by one rescue package, no matter how large. \"These are important steps on a long path, and that is a path that will continue far into next year where other steps must follow,\" he said. The statement quickly halted last week\'s rally in metals prices. Copper and palladium are used as raw materials in the world\'s factories. The price of those metals tends to rise with economic growth, which stokes demand. Precious metals also fell. Gold for December delivery dropped $6.40 to close at $1,676.60 an ounce. December silver lost 35.2 cents, or nearly 1 percent, to close at $31.821. In other trading, December wheat gained 1.5 cents, or less than 1 percent, to finish at $6.2425 per bushel. December corn rose 0.5 cents to end at $6.405 per bushel. Oil prices fell. Benchmark oil lost 42 cents, or less than 1 percent, to end at $86.38 per barrel on the New York Mercantile Exchange. Heating oil fell 4.22 cents to finish at $3.0136 per gallon, gasoline futures lost 8.18 cents to close at $2.7429 per gallon and natural gas fell 1.5 cents to $3.688 per 1,000 cubic feet.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today metals fall on worries of long european crisis Arab Today, arab today metals fall on worries of long european crisis

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Tabarka beauty between sea, mountain

GMT 06:37 2017 Wednesday ,01 March

Tabarka beauty between sea, mountain
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Russia, China veto UN resolution

GMT 07:27 2017 Wednesday ,01 March

Russia, China veto UN resolution
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday