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Gold $3,737.89 $(11.44) -0.31% Silver $44.67 $(0.51) -1.14% Platinum $1,541.85 $5.57 0.36% Palladium $1,256.60 $(0.5) -0.04%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With a fresh new high for the move in the dollar to the highest level since March 15th yesterday, the gold market is short-term overbought and is facing ongoing currency-related pressure.

Surprisingly, silver has avoided the pressure seen in the early gold trade thereby signaling its continued focus on physical commodity fundamentals instead of financial/currency-related factors.

However, gold and silver should see minimal support from a continued slide in US interest rates today...[MORE]

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