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Gold $2,334.42 $1.13 0.05% Silver $30.37 $0.04 0.13% Platinum $1,032.04 $3.11 0.3% Palladium $978.00 $12.91 1.34%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

Gold prices rallied overnight as bulls took advantage of the lull in the dollar. Although interest rates were up marginally overnight the bull camp was spurred on by continued hopes of a rate cut.

Bulls will be watching this morning's ADP data for evidence of further weakness in the US economy that might warrant Fed dovishness.

The Perth Mint reported that gold sales jumped 26.52%, to 53,520oz this month, as the demand for physical bullion surged...[MORE]

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