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Gold $2,334.84 $(5.09) -0.22% Silver $27.18 $(0.04) -0.15% Platinum $952.06 $37.93 4.15% Palladium $983.28 $28.92 3.03%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With gold and silver prices significantly higher overnight in the face of a very significant upward thrust in the US dollar, it is possible the markets are beginning to aggressively embrace flight to quality buying from rising economic concerns toward China.

In fact, overnight Chinese import, and export readings came in significantly below expectations which facilitates more anxiety toward an economy thought to have serious problems.

It is also likely that rising concerns of financial pressures on developing countries are fostering flight to quality buying of gold and silver in anticipation of a financial crisis in the emerging market sector...[MORE]

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