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Gold $3,331.16 $(7.51) -0.22% Silver $36.79 $0.02 0.06% Platinum $1,375.13 $2.42 0.18% Palladium $1,119.35 $9.23 0.83%

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]
 
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