|Published:||Oct 26, 2012 3:37 PM EDT|
|Updated:||Oct 27, 2012 6:31 AM EDT|
Commodities prices are ending broadly lower as weakness in corporate earnings reports dims the outlook for the U.S. economy.
The government reported a slight pickup in U.S. economic growth for the third quarter Friday, to 2 percent from 1.3 percent in the second quarter, but that's still not fast enough to make a dent in the unemployment rate, which currently stands at 7.8 percent.
Metals prices ended lower, continuing a weeklong slide. Platinum and palladium fell about 1.5 percent, while gold, silver and copper had smaller declines.
Gold fell $1.10 to settle at $1,711.90 an ounce.
Stocks were weak for most of the day following poor results from Goodyear Tire, Interpublic and other companies. That weighed on investors' expectations for the economy,
Grains and bean fell. Energy prices edged higher.