Metals close broadly lower, crude oil also falls

Metals close broadly lower, while crude falls and crop prices end mixed

Associated Press

Metals prices closed broadly lower Friday, as did energy futures. Crop prices ended mixed.

Gold for August delivery fell $7.30 to $1,321.50 an ounce. Silver for September delivery lost 38.3 cents to $19.771 an ounce.

September copper dropped 8 cents to $3.1055 a pound. Platinum for October delivery fell $25.10 to $1,422.80 an ounce and September palladium fell $16.75 to $724 an ounce.

Soybeans for November delivery rose 4.5 cents to settle at $12.285 a bushel. December corn fell 2.75 cents to $4.76 a bushel. September wheat edged up a penny to $6.5025 a bushel.

The price of crude oil fell 79 cents to $104.70 a barrel in New York. The price fell 3.1 percent, this week, the first weekly decline since mid-June.

Most other energy futures closed lower.

Wholesale gasoline rose 3 cents to $3.04 a gallon, heating oil fell 3 cents to $3.01 a gallon and natural gas shed 9 cents to $3.56 per 1,000 cubic feet.

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