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Gold $2,051.74 $7.73 0.38% Silver $22.67 Platinum $871.06 $(8.27) -0.94% Palladium $942.61 $2.87 0.31%

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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