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Gold $3,337.29 $(31.3) -0.93% Silver $38.14 $(0.93) -2.39% Platinum $1,401.56 $(6.47) -0.46% Palladium $1,218.45 $(7.46) -0.61%

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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