• +1 (312) 549-9986

Gold $3,645.71 $20.03 0.55% Silver $41.15 $0.29 0.7% Platinum $1,388.74 $16.6 1.21% Palladium $1,151.60 $12.43 1.09%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

While February gold did not post a lower low trade overnight, fundamental developments favor more declines and a trade below $2000.

In addition to hawkish ECB dialogue predicting no rate cuts until summer, expectations for a US cut have been pushed further into the future with US data continuing to signal an economy holding together which in turn has been accompanied by a consistent reduction in the probability of a first quarter US rate cut.

However, the bull camp should get some credit for prices tracking in positive territory this morning especially with the Chinese Premier discounting the prospects of a stimulus package from the government...[MORE]

Please subscribe to receive the full report via email by clicking here.

Leave your comment