Summary Box: Metals end week sharply higher

AP News
Posted: Dec 02, 2011 4:27 PM
Summary Box: Metals end week sharply higher

METALS HIGHER: Palladium for March delivery gained $15.65 Friday, or nearly 2.5 percent, to close at $645.85 an ounce. Palladium is up nearly 13 percent for the week. Copper for March delivery rose 5.05 cents to close at $3.5845 per pound. Copper ended the week 10 percent higher.

MORE JOBS: On Friday, the government said the unemployment rate fell to 8.6 percent, the lowest level since March 2009. That stoked hopes for more economic growth, which could increase demand for materials like palladium and copper.

CROPS MIXED: Corn for March delivery fell 6.25 cents to settle at $5.9525 per bushel. January soybeans gained 7.75 cents to close at $11.3575 a bushel.