AP: Precious metals, energy futures fall on signs of economic weakness; grain prices mostly rise
NEW YORK (AP) - Gold and other precious metals prices fell Monday, as investors digested fresh signs of economic weakness, including a lackluster report on industrial production and more layoffs in the financial sector.
Energy prices also slumped, while grain prices mostly rose.
Investors have fled commodities in recent weeks in the wake of a worsening economy. The fear is that a prolonged downturn will sharply curb demand for raw materials.
