Zaner Precious Metals Report

Friday, February 21, 2020 7:25:47 AM America/Chicago

The gold market has caught a significant lift from chatter that it is in the midst of a rotational benefit from other instruments. In fact yesterday some fund managers indicating that stocks were overvalued and some allocation to gold should be made.

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Posted in News By Zaner Metals

Grant on Gold Blog

Thursday, February 20, 2020 6:19:44 PM America/Chicago

Gold reached fresh 7-year highs on Thursday, exceeding the 1611.41 peak set in early January as tensions between the U.S. and Iran reached their zenith. The yellow metal traded as high as 1623.74 and closed strong.

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Posted in News By Peter Grant

Zaner Precious Metals Report

Thursday, February 20, 2020 7:17:00 AM America/Chicago

With the action over the last 24 hours resulting in gold prices remaining near 7-year highs, the durability of the bull case is becoming more apparent. In fact despite a slight tempering of the virus infection rate in China over several days, a lengthening string of new highs in the dollar and positive economic/market sentiment in the US, gold prices this morning are still up $39.00 from last week's close.

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Posted in News By Zaner Metals

Grant on Gold Blog

Wednesday, February 19, 2020 5:41:38 PM America/Chicago

Gold continued to gain ground on Wednesday, setting new highs for the year. The yellow metal has now reached levels last seen in March 2013 amid ongoing coronavirus concerns.

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Posted in News By Peter Grant

Zaner Precious Metals Report

Wednesday, February 19, 2020 7:15:42 AM America/Chicago

The action in the gold market this morning is very impressive as prices are notably higher in the face of a lower virus infection count, fresh highs in the dollar and strength in global equities.

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Posted in News By Zaner Metals

Grant on Gold Blog

Tuesday, February 18, 2020 6:14:53 PM America/Chicago

Gold extended to the upside on Tuesday, gaining more than 1% intraday and reaching 5-week highs. The yellow metal traded with a 16-handle for the first time since the Iranian's fired missiles at U.S. positions in Iraq in early January.

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Posted in News By Peter Grant

Zaner Precious Metals Report

Tuesday, February 18, 2020 7:17:45 AM America/Chicago

Gold and silver prices have started the holiday-shortened US trading week out on a positive footing with prices reaching 10-day highs in April gold and March silver. With world equity markets lower and fears global economic headwind fears expanding from the aggressive tactics needed to contain/battle the virus, it is not surprising that gold and silver have managed to extend last week's rally.

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Posted in News By Zaner Metals

Zaner Metals Week in Review [VIDEO]

Friday, February 14, 2020 7:00:32 PM America/Chicago

Pete Thomas and Peter Grant of Zaner Metals discuss the #preciousmetals market for the week ended Feb 14, 2020.

They discuss gold, silver, palladium, rhodium and copper and how these markets have been impacted by the coronavirus crisis.

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Posted in News By Peter Grant

Zaner Precious Metals Report

Friday, February 14, 2020 7:35:21 AM America/Chicago

Obviously, the virus count continues to be the predominant driving force in many markets and while the overnight virus infection tally gained 5,090 yesterday in China and there is a disturbing and growing number of medical workers catching the infection (while trying to treat patients) the markets have remained calm.

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Posted in News By Zaner Metals

Grant on Gold Blog

Thursday, February 13, 2020 6:58:02 PM America/Chicago

Gold edged to new highs for the week on an unexpected surge in the number of confirmed coronavirus infections and deaths. The yellow metal rose more than $7 on Thursday to clear Monday's high at 1577.02.

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Posted in News By Peter Grant
    
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