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Commodities Prices Weaken

TSC Staff

Gold prices were dropping $9.50 an ounce Tuesday amid a widespread selloff in commodities.

Lately, gold was going for $680.30 an ounce on the New York Mercantile Exchange. Silver was falling 35 cents to $14.49 an ounce, and copper was off 7 cents at $2.80 a pound.

In the energy complex, crude oil futures were losing 85 cents to $60.54 a barrel. Natural gas was down 14 cents at $7.56 per million British thermal units, and gasoline was slipping nearly 1 cent to $1.77 a gallon. Heating oil lost 1 cent to $1.74 a gallon.

At the New York Board of Trade, cocoa and coffee faltered, while sugar and frozen concentrated orange juice futures advanced.