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Gold $2,556.06 $(17.42) -0.68% Silver $29.86 $(0.43) -1.42% Platinum $933.69 $(2.07) -0.22% Palladium $937.47 $7.18 0.77%

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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