Key metals, crops flounder, taking cue from stocks

Prices for key metals and crops limp along, in the footsteps of a lackluster stock

Associated Press

Prices for key metals and crops were little changed on Friday, following the same pattern as U.S. stocks.

Among metals, gold and palladium fell slightly, and copper and platinum edged higher. The exception was silver, which bounced up 1.5 percent.

Gold for December delivery slipped 70 cents, or 0.1 percent, to $1,310.50 per ounce. September palladium fell $2.15 to $729.70 per ounce.

October platinum gained $7.70 to $1,451.50 per ounce, and September copper was up 0.65 cent to $3.1725 per pound.

September silver, meanwhile, zipped up 28.8 cents to $19.912 per ounce.

Crops were mixed. Wheat edged up 2.5 cents to $6.605 per bushel. Soybeans lost 11 cents, or nearly 1 percent, to $11.815. Corn slipped 3.25 cents to $4.6375.

Oil prices fell across the board. Benchmark crude lost 95 cents to $106.94 per barrel on the New York Mercantile Exchange.

Heating oil fell 3 cents to $3.07 a gallon, natural gas fell 4 cents to $3.35 per 1,000 cubic feet, and wholesale gasoline fell 3 cents to $2.99 a gallon.

U.S. stocks barely budged; traders were disappointed after the government reported that the U.S. added fewer jobs than expected last month.

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