Gold edges higher on "fiscal cliff" concerns
Energy trading was mixed.
The price of crude fell Thursday following the drop in consumer confidence and growing pessimism that political leaders in Washington can reach a budget deal. U.S. benchmark crude fell 11 cents to $90.87 a barrel in New York.
Natural gas prices fell 3.8 cents, or 1.1 percent, to end at $3.3540 per 1,000 cubic feet. Heating oil rose 2.10 cents to finish at $3.0723 a gallon. Wholesale gasoline gained 0.55 cents to end at $2.8213 a gallon
Grains extended their recent declines.
Wheat for March delivery fell 2.25 cents, or 0.3 percent, to $7.7225. March corn fell 1.75 cents, or 0.3 percent, to $6.9150 a bushel and soybeans for deliver in the same month fell 4.5 cents to $14.14 a bushel, a decline of 0.3 percent.
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