Net Long Positions In Platinum Gain $29.30

Kitco reported for the fifth week in a row, speculators snapped up precious metals traded on the Comex division of the New York Mercantile Exchange and the Nymex.

As quoted in the market news:

For the week ended Sept. 18, speculators in the Commodity Futures Trading Commission’s weekly commitment of traders report saw their net-long positions in precious metals rise in both the legacy and disaggregated reports. Activity in copper was mixed, but speculators held on to their net-long position in the red metal in both reports.

For the time frame measured, the most-active December gold contract rallied $36.30 to $1,771.20 an ounce as of Sept. 18. December silver gained $1.152 during the week to $34.718, and October platinum gained $29.30 to $1,636.30.

Click here to read the full Kitco report.