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Gold $4,263.90 $10.83 0.25% Silver $52.16 $0.62 1.2% Platinum $1,598.76 $(13.2) -0.82% Palladium $1,479.35 $6.79 0.46%

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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