Summary Box: Most commodities up on economic news

AP News
|
Posted: Apr 17, 2012 3:17 PM
Summary Box: Most commodities up on economic news

BUILDING OPTIMISM: Most commodity prices rose slightly following strong demand at an auction for Spanish government bonds and solid earnings reports from major U.S. companies like Coca-Cola. That news raised hopes that an improving economy could lead to higher demand for basic materials.

THE IMPETUS: Spain raised more money than anticipated in two short-term bond auctions, which eased lingering concerns about Europe's financial crisis. In the U.S., Coca-Cola, Johnson & Johnson and Goldman Sachs posted strong first-quarter results.

WINNERS, LOSERS: Prices for gold, industrial metals, oil and soybeans rose. Natural gas fell 3.2 percent while wheat and corn also dropped.