Summary Box: Copper rises on home sales report

AP News
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Posted: Mar 21, 2012 3:35 PM
Summary Box: Copper rises on home sales report

COPPER HOPES: Copper prices rose after a report on U.S. home sales suggested the market is slowly getting better. Sales of previously occupied homes have benefited from a mild winter and an improving job market.

WAITING ON THE ECONOMY: Gold prices were up slightly as investors wait to see how global economic growth is faring. Gold often is used as a hedge against inflation. The price is up about 5 percent this year.

PRICE MIX: Oil, silver, natural gas and soybean prices finished higher. Platinum, palladium, wheat and corn fell.