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    market news

    Funds Pile Back Into Precious Metals

    Investing News Network
    Oct. 31, 2011 03:38PM PST
    Precious Metals

    Forbes reported precious metals drew speculators back in, according to U.S. government data released Friday.

    Forbes reported precious metals drew speculators back in, according to U.S. government data released Friday.

    As quoted in the market news,

    Managed-money trimmed their net-long positions in palladium by cutting both gross longs and shorts, but eliminating more gross longs. This lowered the net-long to 6,477 contracts. In the legacy report, the non-commercials also clipped gross longs and gross shorts, reducing the net-long position to 6,965 contracts.

    Click here to read the full Forbes report.

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