Palladium Loses $45.10

Kitco reported U.S. government shows speculative traders are bullish on palladium and other precious metals.

As quoted in the market news:

In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and speculative non-commercial accounts decreased their net-long positions across the board, for the second week in a row in some cases. The data is for the trade week ended Oct. 23 and encompasses both the futures and options activity combined at the Comex division of the New York Mercantile Exchange.

Metals prices fell during the week-long reporting window to Oct.23. December palladium dropped $45.10 to $593.85.

Click here to read the full Kitco report.