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Gold $3,292.30 $(9.06) -0.27% Silver $36.51 $(0.23) -0.61% Platinum $1,352.60 $(19.1) -1.39% Palladium $1,095.76 $(13.06) -1.18%

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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