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Kitco reported net long positions in palladium are up as gross shorts were cut.
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.
Click here to read the full Kitco report.
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