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Metals prices edge lower; Other commodities mixed

Published on NewsOK Modified: May 29, 2014 at 3:37 pm •  Published: May 29, 2014

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.

In energy trading, U.S. crude oil for July delivery rose 86 cents, 0.8 percent, to $103.58 a barrel.

Wholesale gasoline added less than a penny, or 0.3 percent, to $3.02 a gallon. Heating oil fell a penny, or 0.4 percent, to $2.92 a gallon and natural gas fell six cents, or 1.2 percent, to $4.56 per 1,000 cubic feet.