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While gold prices have regained the upper hand on silver, both are holding in relatively tight price ranges this morning.

After this afternoon's Fed meeting results and Fed Chair Powell's press conference, gold and silver are likely to break out of those tight ranges.

The dollar has rallied to a 3-week high in a "buy the fact" reaction to the first Bank of Japan rate hike in 17 years, and that continues to pressure gold and silver prices...[MORE]

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The Zaner Metals team attended the American Numismatic Association Money Show last week.

The Broadmoor is a spectacular venue and the crowds didn't seem deterred at all by the snowstorm that began on Wednesday and continued into Thursday.

The Upstate Coin & Gold client appreciation dinner at the United States Olympic Museum was amazing!

We had many great conversations about hedging #preciousmetals inventory, eCommerce solutions, and inventory management. We hope to continue those conversations in the weeks ahead.

Shout-out to Dane and Adam of Olevian Numismatic Rarities, Tom Hallenbeck of Hallenbeck Coin Gallery, Inc., and all the rest for freely sharing your valuable industry insights. We fully anticipate incorporating some of your ideas into upcoming product releases.

It was great to see old friends and make new connections. We look forward to seeing all of you at upcoming shows.

In the meantime, if you have questions about our product offerings or wish to get set up with a demo of the Tornado Hedging Platform, please give us a call at 312-549-9986.

While gold and silver saw divergent trading action at the start of this week, they are both on the defensive early on.

There was a role reversal Monday with gold regaining the upper hand on silver as both remain close to 2024 price highs.

The dollar has extended its mid-March recovery to a 3-week high in the wake of the Bank of Japan's first rate hike since 2007 as the Yen had a "sell the fact" reaction falling to a new low for the move and that in turn put early pressure on precious metals prices...[MORE]

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Good morning. The precious metals are lower in early U.S. trading.

U.S. calendar features Housing Starts, TIC Data. 2-day FOMC meeting begins.

Even though April gold posted a solid gain in Wednesday's trade, further confirmation of residual/sticky US inflation today could unleash an additional and perhaps more aggressive long liquidation washout.

Fortunately for the bull camp, the US dollar has not rallied on stubborn signs of sticky US inflation and declining US rate cut hopes, but that could change if Tuesday's inflation concern is reconfirmed by today's inflation news.

It should also be noted that Bitcoin posted new all-time highs again and, most gold mining shares showed significant gains yesterday with Newmont and Barrick up 1.7%, Harmony gold up 3.6% and Sibanye Stillwater up 6.7%...[MORE]

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While the dollar has not shown fresh direction following its aggressive recovery bounce yesterday, the upward bias from the charts and a measure of newfound respect for lingering inflation reduces the prospect of US easing in June.

However, gold and silver should be cushioned by continued chatter about a European rate cut in June.

In today's action, the markets could simply "mark time" as the other shoe to drop (Thursday's PPI) could easily rekindle another upward pulse in the dollar and downward pulse action in gold and silver...[MORE]

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