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Gold $2,369.72 $(15.83) -0.66% Silver $28.07 $(0.78) -2.7% Platinum $962.86 $(9.11) -0.94% Palladium $1,025.58 $(5.81) -0.56%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With a fresh lower low for the move the path of least resistance looks to remain down with today's US PPI report likely to result in the same price reaction as was seen following the US CPI report yesterday.

Certainly, seeing ETFs push money into gold is a positive but we do not detect a full shift in market sentiment in favor of the bull camp.

However, gold and silver might benefit from a generally weaker dollar which partially offsets negative spillover from overnight declines in global equities...[MORE]

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