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Gold $2,703.45 $1.91 0.07% Silver $30.37 $0.09 0.3% Platinum $946.15 $3.4 0.36% Palladium $960.70 $10.6 1.12%

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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