Aaj Logo

Published 01 Feb, 2011 08:47pm

Metals rise on brighter economic outlook

Strong corporate earnings and rising stock indexes seemed to convince investors that demand will strengthen in coming months for metals like palladium, which is used in auto parts and other manufactured goods.

April platinum rose $32.10 to $1,833.00 an ounce, while copper for March delivery rose 8.85 cents to settle at $4.5470 a pound. March palladium gained $3.45 to $823.55 an ounce.

Precious metals also rose. Gold for April delivery gained $5.80 to close at $1,340.30 an ounce while silver for March delivery rose 34.5 cents to settle at $28.514 an ounce.

Read Comments