Summary Box: Metals rise on European debt fears

AP News
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Posted: Jul 06, 2011 3:33 PM
Summary Box: Metals rise on European debt fears

GOLD-SILVER: Precious metals hit their highest prices in two weeks after Portugal's financial troubles worsened and European leaders worked on a financial aid package for Greece.

DEBT WOES: Portugal's borrowing rates rose after Moody's downgraded the government's debt. European leaders are trying to finalize a second package of loans for Greece. Investors are concerned that the financial crisis could spread to other European countries.

DOLLAR'S IMPACT: Oil and agricultural products were mixed as the dollar rose. Since commodities are priced in dollars, a stronger dollar makes them more expensive for investors who trade in other currencies.