Funds Pile Back Into Precious Metals

Oct. 31, 2011 03:38PM PST

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.