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Gold $3,450.09 $1.37 0.04% Silver $40.05 $0.3 0.75% Platinum $1,373.70 $6.64 0.49% Palladium $1,111.35 $12.2 1.11%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

Once again noted strength in gold and silver prices appears to be taking place in a vacuum, with little change in US interest rates, the dollar, and energy prices overnight.

However, the bull camp is likely benefiting from a surprise jump in Chinese first-quarter gold consumption which increased by 5.9% from year-ago levels.

Apparently, mainland China's March gold imports through Hong Kong increased by 40% from February giving credence to news earlier this month that Chinese investors were seeking to hold gold to avoid weakness in the domestic currency...[MORE]

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