Palladium rebounds as traders look for bargains; reassured by European debt control efforts

Bargain shoppers help palladium prices rebound

DENVER — Palladium prices are rebounding as traders go on a bargain shopping spree.

It’s been a particularly rocky week for palladium and platinum amid concerns that European debt problems could slow down the global economic recovery.

Palladium prices rose about 7.5 percent Friday, while platinum was up less than one percent.

Analysts say investors are hopeful Europe is working to control the debt issues. Plus, they’re looking for value.

Copper also is rising as investors are hopeful that global demand is improving.

Energy prices are down cross the board while grains are mixed.