News Summary: Commodities up on economic aid hopes

AP News
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Posted: Sep 07, 2012 3:40 PM
News Summary: Commodities up on economic aid hopes

MOVING UP: Prices for gold, other metals, oil and agricultural contracts rose after a weak August jobs report caused speculation to build that the Federal Reserve will take additional action to help the struggling economy.

ECONOMIC BLUES: The government said 96,000 jobs were added last month. The unemployment rate fell to 8.1 percent from 8.3 percent in July, primarily because more people stopped looking for work.

WHAT'S NEXT: The central bank is expected to consider several options at its meeting next week, including a bond-buying program. That's attracting traders to commodities which benefited from previous Fed bond purchases.