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Gold $2,371.40 $(14.15) -0.59% Silver $28.09 $(0.76) -2.63% Platinum $964.46 $(7.51) -0.77% Palladium $1,021.78 $(9.61) -0.93%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With the dollar adding to yesterday's significant decline again this morning there is talk that the currency index has made a major trend reversal and that should be a major bullish force for gold and silver ahead.
 
In addition to gains from strength in the dollar, gold, and silver both appear to be embracing the idea the Ferd will pause in their June 16th FOMC meeting.
 
Therefore, today's monthly jobs data will be a major data point in the Fed's calculus, with stronger-than-expected numbers likely to be negative for precious metals...[MORE]
 
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