Summary Box: Palladium climbs on demand hopes

AP News
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Posted: Dec 07, 2011 3:33 PM
Summary Box: Palladium climbs on demand hopes

PALLADIUM GAINS: Palladium hit the highest level in nearly three months on expectations that new car demand will continue to improve. The price has risen 20 percent in the last eight trading days but remains 14.7 percent down for the year.

EUROPEAN WOES: Most energy, metals and agricultural contracts fell. Investors are concerned about future demand if European leaders fail to develop a strategy to resolve the region's debt problems at a summit this week.

OIL DIP: Oil fell after the government said supplies grew unexpectedly as demand weakened for gasoline and other petroleum products.