Gold, silver fall on strong economic signals

NEW YORK (AP) Surging auto sales and the diminishing likelihood of an immediate U.S. strike on Syria are sending precious metals prices lower.

Energy prices also fell as traders anticipated no short-term disruptions to oil from the Middle East.

Gold for August December delivery fell $22, or 2 percent, to $1,390 an ounce Wednesday.

Silver dropped $1.013, or 4 percent, to $23.369 an ounce. Other metals also fell.

Crude for October delivery fell $1.31, or 1 percent, to $107.23 a barrel in New York.

Russian President Vladimir Putin warned the West Wednesday against taking one-sided action in Syria.

November soybeans fell 34.25 cents, or 3 percent, to $13.525 a bushel. December corn fell 5.75 cent, or 1.2 percent, to $4.695 a bushel and December wheat fell a penny to $6.4625 a bushel.

This story has been automatically published from the Associated Press wire which uses US spellings

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