Gold higher on Greece limbo

Associated Press Published: November 21, 2012

In other metals trading, palladium for January rose $12.95, or 2 percent, to $651.30 an ounce. Platinum gained $10.90, or 0.7 percent, to $1,583.90 an ounce.

The price of oil rose despite the announcement of a cease-fire agreement to end a week of fighting between Israel and Hamas militants. Benchmark oil rose 63 cents to finish at $87.38 a barrel. It climbed as high as $87.89 in the morning.

Oil fell nearly 3 percent Tuesday, as rumors of a potential cease-fire spread. The fighting had raised concerns about oil supply from the Mideast.

In agricultural contracts, December corn fell 2.25 cents, or 0.3 percent, to end at $7.4025 a bushel, and March soybeans ended 4.5 cents, or 0.3 percent, lower at $14.082 a bushel. Wheat for December delivery was little changed at $8.46 a bushel.

Trading volumes were lower than normal before the Thanksgiving holiday.