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President Obama is making climate change a key issue in his second term, but the cost of cutting the nation's carbon footprint is likely to place a heavy burden on average Americans—and the U.S. economy.
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President Obama is making climate change a key issue in his second term, but the cost of cutting the nation's carbon footprint is likely to place a heavy burden on average Americans—and the U.S. economy.
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Oil prices may rise this week, boosted by expectations of further weakness in the U.S. dollar against its European counterpart and on indications global growth is improving, according to CNBC's latest survey of oil market sentiment, though gains may be limited by increased supply from North America.
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Gold rose nearly 1 percent on Wednesday, as economic optimism fueled sharp gains on Wall Street after U.S. lawmakers clinched a last-minute deal to avoid tax hikes that threatened to send the economy back to a recession.
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Gold bounced back from near a four-month low as investors were discouraged by a weaker euro and stalled U.S. budget talks.
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Gold plunged below $1,650 an ounce, down more than 1 percent, and to its lowest since August as heavy liquidation by hedge funds and signs of an improving U.S. economy triggered selling.
