Platinum and palladium prices closed Friday on a high, after a down week overall, with ETFS Physical Platinum Shares (NYSE:PPLT), ETFS Physical Palladium Shares (NYSE:PALL), iPath Dow Jones-AIG Platinum ETN (NYSE:PGM), UBS E-TRACS Long Platinum TR ETN (NYSE:PTM) and UBS E-TRACS Short Platinum ER ETN (NYSE:PTD) all closing up on Friday, with the exeption of UBS E-TRACS Short Platinum ER ETN, which closed level with Thursday's close.
Palladium futures for June delivery climbed $5.50, or 0.8 percent, to $716.30 an ounce on the New York Mercantile Exchange. This week, the metal dropped 9.6 percent, the most since July.
Platinum futures for July delivery rose $8.20, or 0.5 percent, to $1,786.40 an ounce. This week, the price dropped 4.2 percent, the most since November.
ETFS Physical Platinum Shares (NYSE:PPLT) closed Friday at $176.66, gaining $2.26, or 1.30 percent.
Monday, May 9, 2011
Platinum, Palladium (PPLT) (PALL) (PGM) (PTM) (PTD) Close Week Up
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