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Gold $3,410.69 $83.84 2.52% Silver $32.56 $0.05 0.15% Platinum $967.75 $5.15 0.54% Palladium $939.15 $(14.5) -1.52%

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]

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