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Gold $2,384.80 $12.01 0.51% Silver $28.32 $0.05 0.18% Platinum $946.46 $4.03 0.43% Palladium $1,034.48 $8.25 0.8%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

The gold and silver markets look to finish the week with a downward tilt following US data displaying a stronger-than-expected US economy.
 
In other words, surprisingly strong US data reversed the downward track in the dollar from earlier in the week and pushed up interest rates, and could have pushed the pendulum toward a US rate hike in September.
 
Unfortunately for the bull camp, the passing of the latest US and European rate hikes failed to provide a relief/pause in the headwinds from monetary policy tightening...[MORE]
 
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