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Gold $2,304.18 $(15.38) -0.66% Silver $28.96 $(0.64) -2.16% Platinum $956.16 $(2.47) -0.26% Palladium $895.45 $(7.57) -0.84%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

The initial trade in #gold today is lower in a knee-jerk reaction to slightly higher US #dollar action and from a slight blip-up in US interest rates.

The Peoples Bank of China overnight posted another incremental increase in gold reserves in July of roughly 2 million ounces in a continuation of their gradual and difficult-to-monitor buildup of gold reserves.

Unfortunately for the bull camp gold ETF holdings saw a 10th straight daily outflow last Friday bringing net sales from holdings this year up to 2.86 million ounces...[MORE]

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