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Gold $2,303.46 $(16.09) -0.69% Silver $28.95 $(0.65) -2.2% Platinum $954.66 $(3.97) -0.41% Palladium $894.63 $(8.39) -0.93%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With a fresh new high for the move in the dollar to the highest level since March 15th yesterday, the gold market is short-term overbought and is facing ongoing currency-related pressure.

Surprisingly, silver has avoided the pressure seen in the early gold trade thereby signaling its continued focus on physical commodity fundamentals instead of financial/currency-related factors.

However, gold and silver should see minimal support from a continued slide in US interest rates today...[MORE]

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