• +1 (312) 549-9986

Gold $3,324.98 $1.04 0.03% Silver $37.12 $0.11 0.31% Platinum $1,362.72 $3.11 0.23% Palladium $1,137.86 $(4.46) -0.39%

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