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Gold $3,327.03 $31.97 0.97% Silver $33.11 $0.08 0.24% Platinum $1,089.40 $11.78 1.09% Palladium $1,004.05 $(1.6) -0.16%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

While February gold did not post a lower low trade overnight, fundamental developments favor more declines and a trade below $2000.

In addition to hawkish ECB dialogue predicting no rate cuts until summer, expectations for a US cut have been pushed further into the future with US data continuing to signal an economy holding together which in turn has been accompanied by a consistent reduction in the probability of a first quarter US rate cut.

However, the bull camp should get some credit for prices tracking in positive territory this morning especially with the Chinese Premier discounting the prospects of a stimulus package from the government...[MORE]

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