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Sunday, October 7, 2012

News Summary: Commodities prices fall broadly


BROAD DECLINE: Most commodities prices fell Friday. Crude oil gave up $1.83 to $89.88 per barrel on the New York Mercantile Exchange. Most other energy contracts, with the exception of wholesale gasoline, also fell.
GOLD SOLD: Gold edged further away from $1,800, a day after rising to its highest level since February. Gold for December delivery gave up $15.70 to $1,780.80 an ounce.
COFFEE CREAMED: Coffee prices slumped 4 percent, giving up 6.95 cents to settle at $1.6810 per pound

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