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Gold $3,974.98 $(66.51) -1.65% Silver $49.18 $0.44 0.91% Platinum $1,621.83 $(29.6) -1.79% Palladium $1,424.50 $(8.29) -0.58%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

Even though August gold has recovered from a fresh low for the move overnight, the charts generally favor the bear camp.

According to some press outlets, gold is higher this morning because of a retrenchment in the dollar, but that retrenchment is insignificant early on with dollar charts retaining a bullish setup.

However, the parties to the debt ceiling negotiations appear to be so confident in their ability to strike a deal next week, that the President and Congress are leaving Washington for the holidays...[MORE]

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