Key metals, crops flounder, taking cue from stocks

8/2/2013 1:15 PM
By Associated Press

Prices for key metals and crops are little changed on Friday, following the same pattern as U.S. stocks.

Among metals, gold and palladium fell slightly, and copper and platinum edged higher. The exception was silver, which bounced up 1.5 percent.

Gold for December delivery slipped 70 cents, or 0.1 percent, to $1,310.50 per ounce.

Oil prices fell. Benchmark crude lost 95 cents to $106.94 per barrel on the New York Mercantile Exchange.

Crops were mixed. Wheat edged up 2.5 cents to $6.605 per bushel. Soybeans lost 11 cents, or nearly 1 percent, to $11.815. Corn slipped 3.25 cents to $4.6375.

Should U.S. farmers be permitted to grow nonintoxicating hemp for industrial uses?

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