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Gold $2,304.03 $(15.53) -0.67% Silver $28.97 $(0.63) -2.13% Platinum $955.32 $(3.31) -0.35% Palladium $895.19 $(7.83) -0.87%

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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