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Gold $2,334.42 $1.13 0.05% Silver $30.37 $0.04 0.13% Platinum $1,032.04 $3.11 0.3% Palladium $978.00 $12.91 1.34%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

There is no doubt the gold market has expended a tremendous amount of speculative buying fuel in achieving a $200 rally and today the trade will finally see the true origin of the rally.

In our opinion, part of the significant rally in gold is the market's attempt to mirror the record rally in Bitcoin, with a lesser force from hopes of a June rate cut.

Clearly, traders are becoming price-sensitive as Friday's massive range-up move has stalled and trading volume has moderated significantly...[MORE]

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