Metals edge higher; other commodities end mixed

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Associated Press

Posted on July 20, 2013 at 2:00 AM

Updated Saturday, Jul 20 at 2:00 AM

NEW YORK (AP) — Metals futures rose broadly on Friday and crop prices mostly rose. Crude oil edged higher.

Gold for August delivery rose $8.70 to $1,292.90 an ounce.

Other metals also rose. September silver rose 7.10 cents to $19.46 an ounce.

Copper for September rose 0.85 cents to $3.14 a pound. October platinum rose $16.40 to $1,431.20 an ounce. September palladium rose $2.25 to $749.75 an ounce.

The price of crude oil edged up a penny to close at $108.05 a barrel on the New York Mercantile Exchange. Oil gained $2.10 a barrel this week, its fourth weekly gain in a row.

Signs of an improving U.S. economy have helped push the price of oil to the highest level in 16 months. On Friday, oil rose to $109.32, the highest since March 1, 2012, before pulling back.

Other energy futures were mixed.

Wholesale gasoline rose 1 cent to end at $3.12 a gallon, heating oil fell 1 cent to finish at $3.09 a gallon and natural gas fell 2 cents to end at $3.79 per 1,000 cubic feet.

September wheat rose 4 cents to $6.645 a bushel. November soybeans rose 8.25 cents to $12.74 a bushel. December corn was unchanged at $5.0075 a bushel.

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