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Gold $2,383.98 $11.19 0.47% Silver $28.29 $0.02 0.07% Platinum $945.86 $3.43 0.36% Palladium $1,033.28 $7.05 0.69%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

The initial trade in #gold today is lower in a knee-jerk reaction to slightly higher US #dollar action and from a slight blip-up in US interest rates.

The Peoples Bank of China overnight posted another incremental increase in gold reserves in July of roughly 2 million ounces in a continuation of their gradual and difficult-to-monitor buildup of gold reserves.

Unfortunately for the bull camp gold ETF holdings saw a 10th straight daily outflow last Friday bringing net sales from holdings this year up to 2.86 million ounces...[MORE]

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