Summary Box: Palladium, platinum advance on signs of improving auto sales; energy retreats
By APFriday, July 23, 2010
Summary Box: Palladium, platinum prices advance
GIVE ‘EM A JUMP: Palladium and platinum, which are used in making catalytic converters, settled higher after Ford posted a strong profits and said its U.S. sales increased 28 percent in the first six months of the year.
RETREATING GOLD: Gold prices fell after nearly all European banks passed tests designed to show Europe’s banking system can withstand the region’s financial problems.
ENERGY: Oil prices gave up ground as worries eased about potential damage to Gulf Coast oil operations from Tropical Storm Bonnie.
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