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Gold $4,251.42 $(77.99) -1.8% Silver $51.91 $(2.03) -3.76% Platinum $1,607.55 $(118.78) -6.88% Palladium $1,459.35 $(183.25) -11.16%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With a higher high for the move overnight April gold has extended a slight bullish edge into another trading session.

Surprisingly April gold managed the higher high despite a measure of strength in the dollar.

However, a very minor and indirect negative impact on gold overnight came from a very hot New Zealand producer price index reading which for some keeps fear of global inflation in place.

In today's early action traders will be confronted with a US Fed speech, a 20-year US treasury bond auction, and perhaps most importantly the release of the FOMC meeting minutes from the Fed's most recent meeting...[MORE]

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