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Gold $3,387.54 $(9.87) -0.29% Silver $38.86 $(0.06) -0.15% Platinum $1,438.50 $(2.12) -0.15% Palladium $1,250.45 $(6.49) -0.52%

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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