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Gold $3,284.34 $(17.14) -0.52% Silver $36.47 $(0.26) -0.72% Platinum $1,348.96 $(23.14) -1.69% Palladium $1,083.95 $(25.3) -2.28%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

While we don't expect to see significant gold and silver price reactions to today's US jobs-related data, a higher high in the dollar early on, slightly higher US interest rates, and a series of lower highs and lower lows in gold this week leaves the bear camp with an edge.

On the other hand, the trade is expecting a slight increase in continuing and initial jobless claims and that could provide a brief lift for prices.

However, favorable Chinese trade data and a report of an improvement in the Chinese homebuyer market should boost expectations for better Chinese gold demand...[MORE]

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