AP News

News Summary: Metals fall on manufacturing data


SLUGGISH METALS: Copper, silver and other industrial metals fell after a new survey showed manufacturing declined in December the New York area. It reflects a nationwide trend of sluggish manufacturing because of slower economic growth.

GOLD PERKS UP: Gold prices rose slightly on encouraging signs about U.S. budget negotiations. Unless a budget is in place Jan. 1, spending cuts and tax hikes will go into effect that some economists believe will push the U.S. into recession.

PRICE MIX: Prices rose for gold, oil and natural gas. Wheat and corn fell while soybeans were flat.


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus