Platinum in Net Long Position

Kitco reported platinum and other precious metals are in net-long positions as speculators remain bullish on the market.

As quoted in the market news:

Managed-money accounts in the platinum group metals saw their net long position grow as they added to longs and cut shorts. For platinum, speculators are net long 19,299 contracts and in palladium they are net long 7,971 contracts.

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