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News Summary: Gold gains on hope for economic aid

Associated Press Modified: September 4, 2012 at 2:45 pm •  Published: September 4, 2012

GOLDEN TRENDS: Gold hit the highest level in nearly six months after a disappointing U.S. manufacturing report heightened expectations that the Federal Reserve will take steps to help the economy. Chairman Ben Bernanke has indicated that the Fed will do more for the economy but hasn't offered specifics.

AUTO BOOST: Platinum and palladium rose after several U.S. automobile manufacturers reported stronger sales in August. The two metals are used in automobile catalytic converters.

UPS, DOWNS: Prices rose for copper, natural gas, corn and soybeans. Oil, gasoline and wheat fell.


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