• +1 (312) 549-9986

Gold $2,304.18 $(15.38) -0.66% Silver $28.96 $(0.64) -2.16% Platinum $956.16 $(2.47) -0.26% Palladium $895.45 $(7.57) -0.84%

Zaner Daily Precious Metals eNewsletter

Zaner Daily Precious Metals eNewsletter

While today's economic report slate is benign, data in subsequent sessions will likely produce significant reactions in gold and silver with China releasing import and export figures tonight and the US releasing key inflation readings later in the week.

Overnight China apparently raised its gold holdings by 8.09 tons last month, resulting in October through April gold reserve additions of 120 tons. The overall Chinese gold reserves are pegged at 2,076 tons, but we suggest that number is an unsubstantiated figure likely to be strategically understated by the Chinese central bank.

Last week gold ETF holdings increased by 138,847 ounces but remained down 0.2% on the year. On the other hand, silver ETFs reduced their holdings by 1.2 million ounces last week with year-to-date gains in silver holdings of 0.2%...[MORE]

Please subscribe to receive the full report via email by clicking here.

Leave your comment