Commodity prices end mixed; gold slips
Commodities prices ended mixed Tuesday.
Gold edged lower even as most other metals prices rose. Energy and crop futures finished mixed.
Gold for August delivery fell $2 to $1,275.10 an ounce.
Silver for July delivery rose 3.3 cents to $19.526 an ounce. July platinum rose $21.40 to $1,350.50 an ounce and September palladium rose $11.15 to $668.80 an ounce.
July copper rose 4.8 cents to $3.0725 a pound.
Crude oil for August delivery rose 14 cents to end at $95.32 a barrel.
Several strong economic reports brightened the outlook for energy consumption. Orders for long-lasting manufactured goods increased last month. Home prices also rose and consumer confidence surged.
In other energy trading, natural gas lost 9 cents to finish at $3.65 per 1,000 cubic feet (28.32 cubic meters).
Crop prices were mixed. The actively traded contract for wheat delivered in September edged down 2.75 cents to $6.85 a bushel. Corn for December delivery fell 2 cents to $5.445 a bushel. Soybeans for November delivery edged up 5 cents to $12.785 a bushel.