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Gold $3,304.64 $(9.13) -0.28% Silver $32.61 $(0.29) -0.88% Platinum $966.20 $(13.08) -1.34% Palladium $937.95 $1.79 0.19%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

In addition to a lack of classic bullish fundamental themes, gold, and silver have seen sellers emerge off a rekindling of US rate hike prospects given yesterday's very positive sweep of US scheduled data in the form of durable goods and new-home sales.

Adding to the bearish tilt this morning is a wave of hawkish commentary from a European Central Bank forum in Portugal where a long list of central bank leaders have echoed the need to "fight inflation" with further rate hikes...[MORE]

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