News Summary: Copper, silver declines

Published on NewsOK Modified: December 24, 2012 at 5:14 pm •  Published: December 24, 2012
Advertisement
;

SLOWDOWN COMING?: The price of copper dipped as the chances of lawmakers reaching a budget deal before year end faded. If no agreement is reached a series of tax hikes and spending cuts will be implemented, measures that economists say will likely push the U.S. into a recession.

COPPER BOTTOM: Copper, which moves with the outlook for global economic growth, dropped 0.6 percent Monday and has fallen 3 percent this month.

HOLIDAY TRADING: In quiet trading before the Christmas holiday many commodities were little changed.



Trending Now


AROUND THE WEB

  1. 1
    Oklahoma City Thunder: Kevin Durant reportedly trying to get Caron Butler to return
  2. 2
    Isolated Amazon Tribe Makes First Contact
  3. 3
    911 Dispatcher Handles Call About Her Choking Son
  4. 4
    Cops: Woman Faked Drowning to Avoid Court
  5. 5
    Brazilians Listened to the Song ‘Happy’ a Lot More After Their World Cup Disaster Against...
+ show more