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Gold $2,650.06 $5.8 0.22% Silver $31.39 $(0.32) -1.01% Platinum $974.29 $(1.82) -0.19% Palladium $1,020.20 $(5.49) -0.54%

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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