Gold, silver rise while crude oil sinks

AP News
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Posted: May 29, 2013 3:53 PM

Gold and silver prices are ending higher, reversing a decline from the day before.

Energy prices fell broadly on Wednesday. The price of crude oil for July delivery fell $1.88 to $93.13 a barrel, a loss of 2 percent. Heating oil, wholesale gasoline and natural gas prices also fell.

The June gold contract rose $12.40 to $1,391.30 an ounce, an increase of 0.9 percent. Silver for July delivery rose 26 cents to $22.453 an ounce, or 1.2 percent.

Other metals closed lower. Platinum, palladium and copper prices all fell.

Crop prices were mixed. Wheat rose, while corn and soybean futures edged lower.