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Gold $3,117.86 $36.55 1.19% Silver $33.94 $(0.11) -0.32% Platinum $999.04 $16.79 1.71% Palladium $993.00 $22.9 2.36%

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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