Commodities futures prices fall broadly

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Associated Press

Posted on October 5, 2012 at 2:01 PM

Commodities futures are closing lower across the board, bringing the price of gold down a day after hitting its highest level in nine months.

Metals, most energy prices and "soft" commodities like coffee and cocoa fell. Gold for December delivery gave up $15.70 to $1,780.80 an ounce.

Coffee prices slumped 4 percent, giving up 6.95 cents to settle at $1.6775 per pound.

Crude oil and other energy contracts also fell. Oil lost $1.83 to $89.88 per barrel. Heating oil and natural gas prices also fell. Wholesale gasoline prices edged higher.

Wheat and corn prices fell, and soybean futures ended unchanged.

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