Palladium jumps amid supply shortfall concerns

Associated Press Modified: November 13, 2012 at 3:45 pm •  Published: November 13, 2012
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In December contracts, gold fell $6.10, or 0.4 percent, to settle at $1,724.80 an ounce. Silver was down 3.5 cents at $32.487 an ounce. Copper edged up 0.3 cent to $3.4710 per pound.

Benchmark oil fell 19 cents to close at $85.38 a barrel.

Oil fell as low at $84.57 after the International Energy Agency lowered its forecast for oil demand and said global supplies were growing.

In agricultural contracts, coffee for March delivery fell 7.05 cents to $1.46 per pound. December wheat slid 6.75 cents to $8.510 a bushel, its third straight decline. December corn climbed 5.5 cents to $7.235 a bushel and January soybeans rose 3 cents to $14.08 per bushel.

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