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Commodities fall as European crisis worries deepen

Posted on 09 December 2011

Mario DraghiMetals and most energy prices fell Thursday as concerns deepened about Europe’s efforts to deal with its crippling debt crisis. Gold, palladium and oil each fell about 2% while silver finished down 3.3%. Natural gas, corn and soybeans rose.
European Central Bank President Mario Draghi said there was no existing plan for large-scale government bond purchases, which was something many investors had expected. The central bank did cut its benchmark interest rate to 1% and took other steps to help Europe’s economy………………………………………..Full Article: Source


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