CL
Crude fell for a second day after Iran and world powers reached an interim accord on its nuclear program. Prices dropped 0.8 percent. The agreement signed yesterday in Geneva limits Iran’s atomic activities in exchange for as much as $7 billion in relief from sanctions over six months. The country’s oil exports will be held to about 1 million barrels a day under restrictions that remain in force. Oil reached to 94.00.
GOLD
Gold fell 6.2 percent this month, heading for the worst slide since June, when the metal reached a 34-month low. The Federal Reserve signaled Nov. 20 that it may ease stimulus in coming months. Billionaire John Paulson told clients the same day he personally won’t invest more money into his gold fund because it’s not clear when inflation will quicken. The U.S. cost of living declined in October for the first time since April, while wholesale prices fell for a second month. Gold for immediate delivery lost as much as 1.5 percent to $1,225 an ounce.