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Gold $3,294.86 $(19.07) -0.58% Silver $32.53 $(0.38) -1.14% Platinum $966.70 $(12.68) -1.29% Palladium $939.15 $2.93 0.31%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

While early action today has produced a slight reversal of yesterday's very bearish outside market forces of rising rates and a strengthening dollar, gold and silver are likely to remain under a constant cloud of potential liquidation because of outside market forces.
 
In fact, despite very strong market expectations of a Fed pause (93% Fed funds watch tool) market rates have continued to rise!
 
In other words, US treasury implied yields are tracking a different course than expectations for Fed actions, which could be a sign world markets are taking control of US treasuries away from the Fed...[MORE]
 
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