Summary Box: Metals rise on hopes for growth

AP News
|
Posted: Nov 28, 2011 4:02 PM
Summary Box: Metals rise on hopes for growth

METALS RISE: Platinum for January delivery gained $6.40 to settle at $1,539.50 an ounce. December palladium rose $8.25, or 1.45 percent, to close at $578.35 an ounce. Copper for December delivery rose 9.05 cents to close at $3.3605 per pound.

ECONOMIC HOPES: Investors became more optimistic about the economy after a record number of shoppers hit the mall or bought gifts online during the holiday weekend, according to early reports. That could boost demand for industrial metals because they are used as raw materials in factories.

OIL UP: Benchmark crude oil rose $1.44 to end at $98.21 per barrel.