(Bloomberg) -- Palladium futures in New York gained
for the fourth session in a row on investor demand for the metal
used in jewelry and auto-exhaust systems. Platinum dropped.
Hedge-fund managers and other large speculators increased
net-long positions, or bets prices will rise, to a record 11,873
contracts as of May 8, according to Commodity Futures Trading
Commission data. The total slipped to 10,665 as of May 15, the
data showed. Investor demand helped spur an 11 percent rally in
palladium this year.
Read more at Bloomberg Commodities News
for the fourth session in a row on investor demand for the metal
used in jewelry and auto-exhaust systems. Platinum dropped.
Hedge-fund managers and other large speculators increased
net-long positions, or bets prices will rise, to a record 11,873
contracts as of May 8, according to Commodity Futures Trading
Commission data. The total slipped to 10,665 as of May 15, the
data showed. Investor demand helped spur an 11 percent rally in
palladium this year.
Read more at Bloomberg Commodities News
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