• +1 (312) 549-9986

Gold $2,051.71 $7.7 0.38% Silver $22.66 $(0.01) -0.04% Platinum $872.96 $(6.37) -0.72% Palladium $943.08 $3.34 0.36%

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]
 
Please subscribe to receive the full report via email by clicking here.
Leave your comment