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Gold $2,383.89 $11.1 0.47% Silver $28.32 $0.05 0.18% Platinum $945.46 $3.03 0.32% Palladium $1,027.88 $1.65 0.16%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

The sharp rally in the dollar has clearly undermined support for the precious metals, along with the break in Treasury prices.

Fed Chair Powell's comments on 60 Minutes put to rest any ideas that the Fed would consider cutting rates in March, and this sparked a breakout rally in the dollar to its highest level since November 14.

Comments from other Fed officials reinforced this stance, with Fed Governor Michele Bowman saying it is too soon to consider lowering interest rates and Chicago Fed President Austin Goolsby saying he wants to see more inflation progress...[MORE]

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