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Gold $3,291.55 $(9.85) -0.3% Silver $36.50 $(0.23) -0.64% Platinum $1,351.46 $(20.2) -1.47% Palladium $1,095.01 $(13.74) -1.24%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

Even though August gold has recovered from a fresh low for the move overnight, the charts generally favor the bear camp.

According to some press outlets, gold is higher this morning because of a retrenchment in the dollar, but that retrenchment is insignificant early on with dollar charts retaining a bullish setup.

However, the parties to the debt ceiling negotiations appear to be so confident in their ability to strike a deal next week, that the President and Congress are leaving Washington for the holidays...[MORE]

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