Gold rebounded on Monday from a 4-month low as investors resumed trading after the Easter holiday, with Platinum hitting its higest level in a week at $1906 and Palladium gaining 1% climbing to 2-week highs at $1409, putting Palladium on track for its best week in seven.
Meanwhile Oil prices rallied 3% on Monday to their highest since late 2018 as the United States was set to announce that all imports of Iranian oil must end or be subject to sanctions
Hedge funds and money managers raised their net long U.S. crude futures and options positions in the week to April 16 and switched to a net short position in COMEX gold in the week to April 16.
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