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Gold $2,759.42 $17.1 0.62% Silver $30.88 $0.11 0.36% Platinum $953.88 $9.07 0.96% Palladium $974.07 $19.71 2.07%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

In addition to a lack of classic bullish fundamental themes, gold, and silver have seen sellers emerge off a rekindling of US rate hike prospects given yesterday's very positive sweep of US scheduled data in the form of durable goods and new-home sales.

Adding to the bearish tilt this morning is a wave of hawkish commentary from a European Central Bank forum in Portugal where a long list of central bank leaders have echoed the need to "fight inflation" with further rate hikes...[MORE]

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