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Gold, most other metals end lower; copper rises

The Associated Press

Gold and most other metals fell Wednesday, with the exception of copper. Energy prices rose.

Gold for December delivery fell $11.80 to $1,313 an ounce. September silver lost 5.2 cents to $19.628 an ounce. Copper rose sharply, while platinum and palladium edged lower.

Copper for September delivery rose 7.65 cents to $3.1185 a pound.

Platinum for October delivery fell $8.20 to $1,429.30 an ounce. September palladium fell $2.30 to $726.35 an ounce.

The price of oil rose above $105 a barrel, a day after hitting a four-week low.

Crude for September delivery rose $1.95 to $105.03 per barrel on the New York Mercantile Exchange. That's the biggest one-day gain since oil rose $2.99 on July 10.

Other energy contracts were also higher.

Wholesale gasoline futures rose 3 cents to finish at $3.04 per gallon. Heating oil rose 4 cents to finish at $3.04 a gallon. Natural gas rose 1 cent to end at $3.45 per 1,000 cubic feet.

In agricultural futures trading, December corn rose 1.5 cents to $4.79 a bushel. September wheat rose 9 cents to $6.6425 a bushel and November soybeans rose 3.25 cents to $12.0625 a bushel.