Wednesday, September 7, 2011

Summary Box: Metal prices fall on European worries (AP)

METALS DOWN: Copper for December delivery fell 6.85 cents to settle at $4.056 a pound. October platinum fell $26.60 to $1,858.20 an ounce and December palladium fell $33.65 to $749.55 per ounce.

DEMAND FEARS: Industrial metals fell along with stock prices. Investors are worried that the European debt crisis could continue to roil financial markets and curtail consumer demand.

FACTORY ORDERS: The value of industrial metals usually tracks investors' confidence about future economic growth. The metals are used as raw materials in many kinds of manufactured goods, from iPads to automobiles.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20110906/ap_on_bi_ge/us_commodities_review_summary_box

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