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Gold $2,384.14 $11.35 0.48% Silver $28.30 $0.03 0.11% Platinum $945.66 $3.23 0.34% Palladium $1,033.78 $7.55 0.74%

Zaner Daily Precious Metals Daily Commentary

Zaner Daily Precious Metals Daily Commentary

While spot gold prices are nearing record highs with a resumption of fighting in Gaza, the twin bullish forces for gold and silver have shifted slightly negatively over the last 24 hours.

Furthermore, support from flight to quality issues has been inconsistent and largely absent this year, thereby discounting residual lift from the war.

Furthermore, gold and silver have recoiled sharply from initial strength overnight, short-term technical signals are in sell mode and the trade failed to fully embrace recent rumors that October and November gains were the result of consistent central bank buying...[MORE]

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