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    market news

    Industrial Metals Surge

    Investing News Network
    Jul. 03, 2012 01:32PM PST
    Precious Metals

    The Street reported industrial metals surged after data showed an increase in United States factory orders.

    The Street reported industrial metals surged after data showed an increase in United States factory orders.

    As quoted in the market news:

    After two months of declines, U.S. factory orders increased 0.7 percent in May from April, the Commerce Department said. Businesses ordered more equipment, including computers and machinery.

    October platinum increased $33.10 to $1,491.40 per ounce, and September palladium rose $20.90, or 3.6 percent, to $598.90 per ounce.

    Click here to read the full Street report.

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