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Gold $3,333.67 $6.82 0.2% Silver $32.50 $(0.01) -0.03% Platinum $979.90 $17.3 1.8% Palladium $971.87 $18.22 1.91%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

While we don't expect to see significant gold and silver price reactions to today's US jobs-related data, a higher high in the dollar early on, slightly higher US interest rates, and a series of lower highs and lower lows in gold this week leaves the bear camp with an edge.

On the other hand, the trade is expecting a slight increase in continuing and initial jobless claims and that could provide a brief lift for prices.

However, favorable Chinese trade data and a report of an improvement in the Chinese homebuyer market should boost expectations for better Chinese gold demand...[MORE]

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