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Gold $3,170.26 $(71.16) -2.2% Silver $32.10 $(0.52) -1.6% Platinum $983.90 $(7.42) -0.75% Palladium $960.46 $7.56 0.79%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

The technical path of least resistance is down in gold with a series of lower highs and lower lows presenting bearish charts.

We also see the fundamental bias pointing down in gold and silver as a muted US CPI reading fosters a thin measure of long liquidation from long-suffering gold inflation bulls.

However, the bull camp hopes that muted inflation will spark talk of the end of the rate hike cycle and potentially provide a measure of misguided buying off talk of rate "cuts" next year...[MORE]

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