Gold, silver ETFs down sharply on easing Iran fears
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BOSTON (MarketWatch) -- Precious metals exchange-traded funds plunged Monday morning as investors weighed reports that U.S. officials said they welcome moving toward ending the nuclear standoff with Iran. Gold futures fell under $600 an ounce Monday for the first time since June as some analysts blamed the selloff on central-bank selling in Europe.
Stocks dragged lower by commodities sell-off
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NEW YORK (MarketWatch) -- U.S. stocks lost ground Monday as a sharp drop in crude-oil prices led a sell-off in commodities and sent shares of energy and mining companies lower, most notably Exxon Mobil and Alcoa on the Dow Jones Industrial Average.
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All the economic reports are pointing to a slower economy and that's weighing on stocks," said Anthony Conroy, head trader at BNY Brokerage. "But there are some positives out there as well. Crude is down for a sixth day in a row, its biggest falling streak in over three years."
Everybody knows commodities of nearly all types rise with international political tension levels and sink when national leaders figure out how to spell relief!!!