(Bloomberg) -- Platinum futures gained for a fourth
day in Tokyo on expectations European jewelry demand and
industrial purchases of the metal will prompt some traders to buy
out of bets they had made on a decline.
Traders on the Tokyo Commodity Exchange last week took on
more futures contracts even as some were selling the metal itself,
a sign they're taking short positions, which bet on the metal's
decline, said John Reade, an analyst at UBS AG, in a June 1 note
to clients.
Read more at Bloomberg Commodities News
day in Tokyo on expectations European jewelry demand and
industrial purchases of the metal will prompt some traders to buy
out of bets they had made on a decline.
Traders on the Tokyo Commodity Exchange last week took on
more futures contracts even as some were selling the metal itself,
a sign they're taking short positions, which bet on the metal's
decline, said John Reade, an analyst at UBS AG, in a June 1 note
to clients.
Read more at Bloomberg Commodities News
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