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Gold $1,925.93 $5.98 0.31% Silver $23.69 $0.3 1.28% Platinum $937.56 $16.73 1.82% Palladium $1,285.48 $25.69 2.04%

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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