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News Summary: Palladium, platinum prices rise

  • Article by: The Associated Press
  • Associated Press
  • January 25, 2013 - 3:23 PM

FROM RUSSIA, WITH DOUBTS: Prices for palladium and platinum rose on Friday, after a report that Russia's stockpiles of both metals could shrink this year.

TAKING STOCK: Prices for both metals were also helped by a rise in stock prices. Palladium and platinum can trade as industrial metals, which generally means they rise when traders feel better about the economy.

UP AND DOWN: Key energy and agricultural commodities were mixed. Benchmark oil fell in New York, Brent crude ended flat in London, wholesale gasoline rose. Wheat and soybeans rose, and corn fell.

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