Palladium Gains Net-Long Positions, Cuts Short Positions

Kitco reported net long positions in palladium are up as gross shorts were cut.

As quoted in the market news:

In palladium the net-long position is now up to 7,797 as a result of cutting more gross shorts than gross longs.

Non-commercial activity in the legacy data also saw a net-long gain for platinum and palladium. In platinum, non-commercial traders added gross longs and cut gross shorts, lifting the net long to 35,324 contracts. In palladium, more gross shorts were sliced than gross longs, pushing up the net-long position 9,861 contracts.

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