News Summary: Metals fall on manufacturing data
News Summary: Industrial metals fall after survey shows decline in New York area manufacturing
SLUGGISH METALS: Copper, silver and other industrial metals fell after a new survey showed manufacturing declined in December the New York area. It reflects a nationwide trend of sluggish manufacturing because of slower economic growth.
GOLD PERKS UP: Gold prices rose slightly on encouraging signs about U.S. budget negotiations. Unless a budget is in place Jan. 1, spending cuts and tax hikes will go into effect that some economists believe will push the U.S. into recession.
PRICE MIX: Prices rose for gold, oil and natural gas. Wheat and corn fell while soybeans were flat.
