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Gold $4,251.42 $(77.99) -1.8% Silver $51.91 $(2.03) -3.76% Platinum $1,607.55 $(118.78) -6.88% Palladium $1,459.35 $(183.25) -11.16%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

The gold and silver trade is focused on declining US rates and is discounting a higher high move in the dollar this morning.
 
Apparently, traders/investors are generally content to hold gold through upcoming Fed policy guidance headlines and despite a widely held belief that the Fed will ultimately hike rates one more time.
 
In a minimal bearish development, the CME Fed watch tool placed the odds of a US pause next month slightly lower than earlier in the week at 86.5%...[MORE]
 
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