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Gold $2,304.57 $1.36 0.06% Silver $28.98 $0.07 0.24% Platinum $955.50 $2.87 0.3% Palladium $895.67 $9.78 1.1%

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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