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Gold $2,411.58 $(0.94) -0.04% Silver $30.98 $0.21 0.68% Platinum $997.72 $(2.85) -0.28% Palladium $966.68 $(1.58) -0.16%

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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