News Summary: Copper falls on economic news

AP News
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Posted: May 31, 2012 5:02 PM
News Summary: Copper falls on economic news

COPPER TARNISHED: Copper fell Thursday after a handful of reports pointed to weakness in the U.S. economy and Europe struggled with its debt crisis. The price fell 12 percent in May. Copper can be an indicator of economic health because it is used in a wide range of products from automobiles to consumer electronics.

WINNERS, LOSERS: Prices for oil, gold, silver, grains and beans fell. Platinum and palladium rose.

WHAT'S NEXT: The government will release May employment figures Friday. Economists have predicted an increase of 158,000 jobs and no change in the unemployment rate.