| Gold futures slumped to a four-week low as a stalemate in U.S. budget talks drove commodities lower. Silver, platinum and palladium also dropped. Twenty-two of 24 raw materials in the Standard & Poor’s GSCI Spot Index fell. Democrats and Republicans have four weeks left before more than $600 billion in tax increases and federal spending cuts are triggered.
If the so-called fiscal cliff isn’t averted, the U.S. will face a recession, according to the Congressional Budget Office...............................................Full Article: Source
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