(Bloomberg) -- Platinum futures were little changed
in Tokyo after gaining earlier in the day on expectations
European jewelry demand and industrial purchases of the metal
will prompt some traders to buy out of bets 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
in Tokyo after gaining earlier in the day on expectations
European jewelry demand and industrial purchases of the metal
will prompt some traders to buy out of bets 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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