Commodities mixed on concern about US economy

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Associated Press

Posted on May 4, 2012 at 2:01 PM

Updated Friday, May 4 at 2:01 PM

Commodity prices are mixed after a report showed U.S. hiring slowed in April. That's adding to evidence of sluggish growth in the world's largest economy.

Prices for oil, copper, palladium and wheat fell Friday. Gold, silver, platinum, corn and soybeans rose.

The Labor Department says U.S. employers added 115,000 jobs in April. That's the second straight month hiring slowed after a fast start to the year.

Meanwhile, weekend elections are scheduled in France and Greece that could affect how the region deals with its economy.

Investors worry about a slower global economy. The U.S. is weakening, Europe is still struggling with its debt crisis and China's growth is slowing. That could point to less demand for raw materials, such as oil, copper and agricultural products.

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