Summary Box: Commodities mixed on euro plan

AP News
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Posted: Dec 05, 2011 4:02 PM
Summary Box: Commodities mixed on euro plan

EUROPEAN FACTOR: Commodities were mixed after the leaders of Germany and France unveiled a plan to bolster long-term confidence in the euro. The announcement came ahead of a summit Friday where European leaders will discuss the currency.

METALS MIX: Gold prices fell about 1 percent as investors grew hopeful that European Union leaders will be able to restore confidence in the euro. Silver and platinum also fell while copper and palladium rose.

JAVA JUMP: Coffee prices climbed about 3 percent on concerns that weather issues and production problems could hurt Colombia's crop.