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Gold $2,923.92 $(8.98) -0.31% Silver $32.64 $(0.17) -0.52% Platinum $974.39 $(7.36) -0.75% Palladium $978.60 $(1.09) -0.11%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

While oil prices are not signaling an imminent cease-fire deal (given initial gains), sharp declines in gold and silver without correlation to outside market influences, suggest the precious metal trade is anticipating a pause in hostilities.
 
However, the bull camp is buoyed by the potential for a third straight monthly gain in gold prices and by talk of strong global gold demand.
 
According to the World Gold Council's first-quarter Gold Demands Trends report, total global demand increased by 3% versus 2023 and posted the strongest first quarter since 2016...[MORE]
 
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