Metals futures mixed; Oil rises on storm threat

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Associated Press

Posted on October 5, 2013 at 3:02 AM

Gold and silver prices are slightly lower and crude oil prices are higher as rig operators in the Gulf of Mexico braced for a storm.

Agricultural futures ended mixed.

Traders were keeping a close eye on the partial shutdown of the U.S. government, which entered a fourth day Friday.

Gold for December delivery edged down $7.70 to $1,309.90 an ounce. December silver fell 3.4 cents to $21.752 an ounce.

Copper, palladium and platinum futures rose.

Crude oil for November delivery rose 53 cents to $103.84 in New York as offshore oil rigs in the Gulf braced for Tropical Storm Karen.

December wheat fell 2.25 cents to $6.87 a bushel and November soybeans rose 6.75 cents to $12.95 a bushel. December corn rose 4 cents to $4.4325 a bushel.

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