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Summary Metal prices jumped on hopes that political stability will return to Italy and Greece.
Copper for December delivery jumped nearly 3 percent Friday to close at $3.4635 per pound. December palladium gained 2 percent to close at $662.80 an ounce.Traders were encouraged by news that Italy and Greece were moving closer to forming new governments that can get their respective debt problems under control. If the European financial crisis is contained, it could boost economic growth and demand for raw materials like copper and palladium. The metals are used in everything from housing to television sets.Oil prices rose on optimism that economic growth could boost demand.
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