Summary Box: Metals fall on manufacturing slowdown

AP News
|
Posted: Jun 01, 2011 3:47 PM

DIMINISHING DEMAND?: A manufacturing slowdown in China and the United States is raising questions about demand for industrial metals. Copper, platinum, palladium and silver settled lower, while gold rose.

SLUGGISH GROWTH: Reports in China and the U.S. noted that manufacturing grew at a slower pace in May. Other disappointing U.S. news included a smaller-than-expected increase in private jobs and a decline in auto sales.

WHEAT SUPPLIES: Wheat prices fell sharply on signs that the global supply could expand despite problems with the U.S. crop.