ETF Buyers Are Still Bullish on Platinum
- Holdings in platinum-backed ETFs climb a sixth straight week
- Money managers slash net-long positions by more than half
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Exchange-traded fund investors are staying hot on platinum, even as money managers get cold feet on the metal.
Holdings in platinum-backed ETFs posted a sixth straight weekly gain on Friday, the longest stretch since November. That came after U.S. money managers slashed their net-long position in the metal by more than half, the most in data going back to 2006.