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Gold $3,350.99 $11.71 0.35% Silver $38.37 $0.22 0.57% Platinum $1,463.60 $3.01 0.21% Palladium $1,320.55 $46.23 3.63%

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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