News Summary: Metals, energy contracts rise

AP News
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Posted: Jun 05, 2012 5:15 PM
News Summary: Metals, energy contracts rise

SEEKING SAFETY: The latest machinations of Europe's debt problems kept demand going for precious metals. An emergency conference call of leading finance ministers yielded no concrete announcements for new action. Gold, silver and platinum ended higher.

THE NEXT STEP: The next focus for investors is June 17, when Greece will hold elections that could determine whether the country will leave the euro currency union. A messy exit from would be sure to roil financial markets.

MIXED GRAINS: Grain prices fell again, while soybeans inched higher. In July contracts, wheat fell 14.50 cents to $6.1325 a bushel, corn fell half a cent to $5.675 a bushel and soybeans rose 9.5 cents to $13.495 a bushel.