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Gold $3,273.69 $(10.15) -0.31% Silver $32.65 $0.25 0.78% Platinum $1,000.19 $1.93 0.19% Palladium $979.66 $4.4 0.45%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

While the ebb and flow of action in the US #dollar has been buffeting the #gold and #silver trade this week, minimal weakness in the dollar this morning has not provided visible support.

Clearly, reiterated hawkish commentary from the US Federal Reserve Chairman to a US congressional committee prompted the initial washout in gold prices yesterday.

We should note that the Fed chairman yesterday indicated the Fed was sticking with its 2% inflation target which probably increases the likelihood of more than two 25 basis point rate hikes this year...[MORE]

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