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Gold $2,658.03 $0.06 0% Silver $32.02 $(0.06) -0.19% Platinum $1,003.69 $8.08 0.81% Palladium $1,009.60 $7.6 0.76%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

While April gold is tracking in positive territory early today and has established a key pivot point around $2005, the onus is on the bull camp to prove the market can respect even number consolidation support at $2000.

Unfortunately for the bull camp, gold ETF holdings continue to slide with year-to-date outflows of 2.8% taking place in less than 50 days.

While Indian gold imports in January increased to $1.9 billion that is probably a function of the recovery in gold prices and not necessarily from increased volume...[MORE]

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