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Gold $2,001.89 $(1.08) -0.05% Silver $23.05 $0.03 0.13% Platinum $923.96 $4.63 0.5% Palladium $949.88 $4.85 0.51%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With a definitive upside breakout extension in the #dollar to the highest levels since March 27th this morning the downside pressure in #gold and #silver is expected to extend today.

Strength in the dollar is likely the result of emerging hawkish views toward the US Federal Reserve stance in the June 13/14th FOMC meeting.

While reports of progress on the debt ceiling negotiations lower the prospect of default, until an actual deal is inked traders should fear a breakdown in talks and a last-minute drama of some sort...[MORE]

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