Gold, silver fall on strong economic signals
NEW YORK (AP) — Surging auto sales and the diminishing likelihood of an immediate U.S. strike on Syria are sending precious metals prices lower.
Energy prices also fell as traders anticipated no short-term disruptions to oil from the Middle East.
Gold for August December delivery fell $22, or 2 percent, to $1,390 an ounce Wednesday.
Silver dropped $1.013, or 4 percent, to $23.369 an ounce. Other metals also fell.
Crude for October delivery fell $1.31, or 1 percent, to $107.23 a barrel in New York.
Russian President Vladimir Putin warned the West Wednesday against taking one-sided action in Syria.
November soybeans fell 34.25 cents, or 3 percent, to $13.525 a bushel. December corn fell 5.75 cent, or 1.2 percent, to $4.695 a bushel and December wheat fell a penny to $6.4625 a bushel.