News Summary: Metals prices diverge; oil slips

AP News
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Posted: Sep 25, 2012 4:49 PM
News Summary: Metals prices diverge; oil slips

WANDERING METALS: Industrial metals prices were pulled in opposite directions by conflicting signs about the economy: an encouraging read on U.S. housing prices and a dour outlook from heavy-equipment maker Caterpillar.

OIL SLIPS: Oil fell to its lowest price since Aug. 2, with traders unnerved by Caterpillar and other hints of the weakening economy.

ALL THAT GLITTERS: Some analysts think gold prices will go higher, because investors will buy it to shield themselves from the effects of the weak dollar. Buying could pick up soon in India and China, one analyst wrote.