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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 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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