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Gold $3,337.29 $(31.3) -0.93% Silver $38.14 $(0.93) -2.39% Platinum $1,401.56 $(6.47) -0.46% Palladium $1,218.45 $(7.46) -0.61%

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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