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Gold $3,288.91 $(29.05) -0.88% Silver $32.97 $(0.34) -1.02% Platinum $1,054.90 $(28.55) -2.64% Palladium $969.55 $(1.89) -0.2%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

Precious metals have broken out to the upside in a very positive reaction to the FOMC meeting results.

June gold has reached a new record high while May silver reached a 3 1/2-month high early in today's action, and both are holding onto those gains this morning.

Gold and silver have benefited from the sizable pullback in the dollar after it reached a 3-week high before the FOMC meeting results. While the dollar has found its footing, it remains well below Wednesday's high and is providing support to metals markets...[MORE]

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