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Gold $3,337.29 $(31.3) -0.93% Silver $38.14 $(0.93) -2.39% Platinum $1,401.56 $(6.47) -0.46% Palladium $1,218.45 $(7.46) -0.61%

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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