Palladium, Platinum Rise


"Prices higher after Ford posted fifth straight quarterly profit."

Palladium and platinum are advancing on the latest sign of recovery in the auto industry.

Prices for both metals, which are used in catalytic converters, settled higher Friday after Ford posted its fifth straight quarterly profit.

Ford says U.S. sales increased 28% in the first six months of the year.

Other manufacturers that have turned in better Q210 earnings this week include AutoNation and Fiat, which controls Chrysler.

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