You're reading: Commodities fall as European debt concerns grow

NEW YORK (AP) — Most commodity prices are falling as European leaders seek a solution to the region's sovereign debt problems.

Prices for gold, copper, oil and gasoline futures fell Wednesday. Wheat, corn and platinum rose.

The leaders of Greece, Germany and France held an emergency teleconference to discuss the debt crisis. Finance ministers from the 17 countries that use the euro will meet Friday in Poland.

Investors have been concerned that Greece might default on its debt and question whether the crisis will affect the U.S. economy.

Meanwhile, the U.S. government said retail sales showed no growth in August. Consumer spending accounts for about 70 percent of U.S. economic activity.