Metals Prices Edge Lower; Other Commodities Mixed

Gold and silver prices ended slightly lower Thursday, extending their losing streak to four days. Other metals futures also lost ground.

Gold for June delivery slipped $3, or 0.2 percent, to $1,256.30 an ounce. July silver fell five cents, also 0.2 percent, to $19.01 an ounce.

Copper, palladium and platinum futures also fell slightly. Palladium and platinum have been rising because of concerns that supplies from Russia, a major producer, could be disrupted.

The actively traded contract for July delivery of copper fell three cents, or 0.9 percent, to $3.14 a pound.

July platinum lost $2.60, or 0.2 percent, to $1,460.10 an ounce, and September palladium fell $6.25, or 0.7 percent, to $834.50 an ounce.

Crop prices were mixed. In July contracts, wheat fell six cents, or 1 percent, to $6.33 a bushel. Corn fell three cents, or 0.6 percent, to $4.70 a bushel. Soybeans added a penny, or 0.1 percent, to $14.99 a bushel.

This article appeared in print in the May 30th, 2014 edition of Hamodia.