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Gold $1,927.20 $7.25 0.38% Silver $23.74 $0.35 1.5% Platinum $936.16 $15.33 1.66% Palladium $1,283.68 $23.89 1.9%

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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