• +1 (312) 549-9986

Gold $3,349.60 $10.37 0.31% Silver $38.14 $(0) -0.01% Platinum $1,421.00 $(35.5) -2.44% Palladium $1,235.65 $(36.61) -2.88%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

Gold and silver were both lower overnight, with July silver making a new low for the week.
 
The markets' inability to hold a CPI-inspired rally on Wednesday hints at a lack of conviction in the bull camp.
 
However, the bear camp is probably in fear of inflation continuing to ease, as today's US PPI report is expected to register a slower inflation rate than CPI.
 
Furthermore, the dollar failed to fall sharply enough to offset disappointment from the lack of a hot US inflation reading...[MORE]
 
Please subscribe to receive the full report via email by clicking here.
Leave your comment