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Gold $2,004.84 $1.87 0.09% Silver $23.03 $0.01 0.04% Platinum $924.26 $4.93 0.54% Palladium $966.41 $21.38 2.26%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

While we suspect the bombing of a hospital in Gaza has sparked the sharp upside extensions in gold and silver prices today, it is also possible that a measure of improved physical demand hope from stronger-than-expected Chinese data is adding to the bullish mix today.

While not a definitive supportive element in the early going, the dollar is poised just above a downside breakout point on the charts and could fail if estimates for US building permits match or come in below estimates.

However, with crude oil prices jumping by more than $2.00 overnight, fear of a broadening of the conflict in the Middle East creates the potential for a large flight to quality event and rekindles fear of inflation potential inspired by surging energy prices...[MORE]

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