Arab Today, arab today metals fall on worries of long european crisis
Last Updated : GMT 16:10:08
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.

arabstoday
arabstoday

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

 



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 Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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