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News Summary: Commodities continue weeklong slide

The Associated Press
Friday, 26 Oct 2012 | 5:05 PM ET

MORE DECLINES: Commodities prices were broadly lower on the latest weak signals for the U.S. economy: more poor earnings reports from major companies like Goodyear, and only tepid growth in GDP in the third quarter.

METALS SLIDE: Gold fell $1.10 to settle at $1,711.90 an ounce, silver fell 4.20 cents to $32.036 an ounce and palladium fell $9.10 to $595.40 an ounce.

ENERGY SLUMP: Crude oil rose 23 cents to end at $86.28 per barrel. Heating oil rose 3.57 cents to end at $3.0978 per gallon, wholesale gasoline rose 2.27 cents to end at $2.6991 per gallon.

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