Saturday, November 19, 2011

Summary Box: Metals plunge on new Europe worries (AP)

METALS PLUNGE: December palladium fell nearly 8 percent to close at $603.70 an ounce. Copper for December delivery dropped 3 percent to close at $3.3825 per pound.

ECONOMIC WORRIES:Traders were worried that a spiraling financial crisis in Europe could slow growth and cut demand for industrial metals. It would also slow inflation, which undermines demand for precious metals.

CROPS DOWN: Corn for December delivery fell 28.25 cents, or 4 percent, to settle at $6.145 per bushel. December soybeans lost 19.5 cents, or nearly 2 percent, to $11.6825 a bushel. December wheat fell 24.25 cents, or nearly 4 percent, to finish at $5.925 per bushel.

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20111117/ap_on_bi_ge/us_commodities_review_summary_box

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