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Gold $3,737.89 $(11.44) -0.31% Silver $44.67 $(0.51) -1.14% Platinum $1,541.85 $5.57 0.36% Palladium $1,256.60 $(0.5) -0.04%

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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