Monday, December 20, 2010

Summary Box: Gold up on worry about European debt - BusinessWeek

DEBT WOES: Gold prices advanced after concerns resurfaced about Europe's financial crisis. Economists worry that nations like Greece, Ireland and Portugal will have trouble paying their debts. Gold for February delivery gained $6.90 to settle at $1,386.10 an ounce.

OIL DEMAND: Oil prices rose on hopes that demand will improve next year. A report said China's oil demand in November hit 9.3 million barrels a day.

MIXED BAG: Other commodities were mostly higher as volume was light ahead of the holidays.


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