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Gold $2,584.66 $1.95 0.08% Silver $30.87 $0.1 0.32% Platinum $992.86 $6.35 0.64% Palladium $1,096.71 $17.11 1.58%

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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