Speculators Increase Bullish Gold, Silver Positions, Cut PGMs

Forbes reports that speculators are bullish on gold and silver, but have cut investments in platinum group metals like palladium.

The market news is quoted as saying,

August gold futures on the Comex division of the New York Mercantile Exchange gained $22 an ounce during that time, settling on June 21 at $1,546.40. Comex July silver rose 96.8 cents an ounce and settled at $36.379. Nymex July platinum slid $47.70 an ounce, settling at $1,747.20, while September palladium fell $25.50 an ounce to $809.50. Comex July copper fell 6.65 cents to $4.0885 a pound.

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