Metals close broadly lower, crude oil also falls

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Associated Press

Posted on July 27, 2013 at 7:00 AM

Updated Saturday, Jul 27 at 7:00 AM

NEW YORK (AP) — 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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