Investors Bullish on Palladium, Increase in Net Long Positions

Kitco reported investors are bullish across the precious metals market including palladium with an increase in net long positions.

As quoted in the market news:

Managed-money accounts in the platinum group metals saw their net long position grow as they added to longs and cut shorts. For platinum, speculators are net long 19,299 contracts and in palladium they are net long 7,971 contracts.

In the legacy report, in platinum, non-commercial accounts are now net-long 26,281 contracts, and in palladium they are net long 10,344 contracts. Here, too, they added to gross longs and cut gross shorts for both metals.

Click here to read the full Kitco report.