Commodity prices end mixed; gold slips

Commodity prices end mixed; gold slips while crude oil edges higher

Associated Press

Commodities prices ended mixed Tuesday.

Gold edged lower even as most other metals prices rose. Energy and crop futures finished mixed.

Gold for August delivery fell $2 to $1,275.10 an ounce.

Silver for July delivery rose 3.3 cents to $19.526 an ounce. July platinum rose $21.40 to $1,350.50 an ounce and September palladium rose $11.15 to $668.80 an ounce.

July copper rose 4.8 cents to $3.0725 a pound.

Crude oil for August delivery rose 14 cents to end at $95.32 a barrel.

Several strong economic reports brightened the outlook for energy consumption. Orders for long-lasting manufactured goods increased last month. Home prices also rose and consumer confidence surged.

In other energy trading, natural gas lost 9 cents to finish at $3.65 per 1,000 cubic feet, heating oil rose less than a cent to end at $2.86 a gallon and wholesale gasoline was unchanged at $2.74 a gallon.

Crop prices were mixed. The actively traded contract for wheat delivered in September edged down 2.75 cents to $6.85 a bushel. Corn for December delivery fell 2 cents to $5.445 a bushel. Soybeans for November delivery edged up 5 cents to $12.785 a bushel.

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