Metals and energy higher as investors wade back into riskier assets; soybeans continue decline
By APMonday, January 25, 2010
Commodities mostly higher as risk appetite returns
NEW YORK — Prices for energy and metals were inching higher as investors cautiously waded back into risker assets following a pullback last week.
A slight decline in the dollar was helping to support most commodities prices. A weaker dollar makes commodities more attractive to foreign investors.
Gold for February delivery is up $6.00 at $1,095.70 an ounce. Silver for March delivery rose 21.3 cents to $17.145 an ounce.
Soybean prices fell again due to concerns about oversupply. Soybeans for March delivery fell 11 cents to $9.405 a bushel. They are down 11.3 percent since closing at a 2010 high of $10.61 a bushel on Jan. 5.
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