Summary Box: Metals, energy, grains fall on weak jobs report; sugar, gold, natural gas improve
By APFriday, June 4, 2010
Summary Box: Commodities fall on weak jobs report
JOB SCARE: Commodities prices fell Friday after the government said fewer jobs were created last month than anticipated.
COMPOUNDING THE WOE: Hungary became the latest European country to say it’s facing financial problems, prompting fresh concerns about the global economic recovery.
STRONG DOLLAR: The dollar rose, delivering another blow to commodities. Since commodities are priced in dollars, they become more expensive to overseas investors when the dollar rises.
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