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Gold $3,368.34 $(2.93) -0.09% Silver $35.97 $(0.42) -1.15% Platinum $1,263.40 $(33.14) -2.56% Palladium $1,043.55 $(1.54) -0.15%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

Gold and silver were both lower overnight, with July silver making a new low for the week.
 
The markets' inability to hold a CPI-inspired rally on Wednesday hints at a lack of conviction in the bull camp.
 
However, the bear camp is probably in fear of inflation continuing to ease, as today's US PPI report is expected to register a slower inflation rate than CPI.
 
Furthermore, the dollar failed to fall sharply enough to offset disappointment from the lack of a hot US inflation reading...[MORE]
 
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