Market News Commodities end year higher, even after sell-offs |
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Commodities prices are ending the year higher, even after a crash that wiped out big gains from a summer rally. The February gold contract rose $25.90 Friday, or 1.7 percent, to settle at $1,566.80 an Both gold and corn hit all-time highs this summer, and both commodities fell this winter for different reasons. Gold was driven higher by anxious traders who didn't want to invest in riskier stocks or bonds. Corn prices shot up on worries of a global food shortage. Those worries receded this fall as stocks gained value and food supplies grew. Even though prices have fallen, many traders think 2012 could offer another roller coaster of a ride. Authors: Commodities - Yahoo! News Search Results |
