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Gold $3,324.88 $8.87 0.27% Silver $37.14 $(0.19) -0.52% Platinum $1,314.53 $1.2 0.09% Palladium $1,106.80 $(4.94) -0.44%

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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