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Gold $2,322.42 $0.92 0.04% Silver $29.56 $0.03 0.1% Platinum $996.17 $2.7 0.27% Palladium $963.38 $17.75 1.88%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

Clearly, gold, silver, platinum, and most physical commodities are experiencing "sell the fact" pressure today from the pause by the US Fed, as it was accompanied by stiff inflation-fighting promises.
 
However, the most damaging development is the aggressive recovery off a new low for the move yesterday and a new high for the move upside breakout this morning in the dollar.
 
In fact, the aggressive stance of the US Fed in its insistence on achieving its 2% inflation target is likely to carry the dollar higher through the expected rate hike from the Bank of England this morning...[MORE]
 
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