Both Gold & Silver Closed on Weekly Highs

GOLD

The Gold price stayed above $4,700 per ounce in overseas trading this morning.
When Gold trading moved into the U.S. this morning, the positive U.S. jobs numbers helped Gold reach today’s high of $4,750 per ounce.

The Bureau of Labor Statistics showed that April’s U.S. employment increased more than ⁠expected while the unemployment rate held steady at 4.3%.
Non-farm payrolls rose by 115,000 for the month, down from the 185,000 created in an unusually strong March, but better than the 55,000 forecast
in the Dow Jones consensus estimate.

Also, it appears that a possible peace deal between the U.S. and Iran will help ease concerns about inflation and elevated interest rates.
At 11am PT today, Gold is trading at $4,724 per ounce, up $10 on active trading.

SILVER

The Silver price reached a high of $81.70 per ounce early this morning.
Silver stayed over $80 per ounce for most of today’s trading.
At 11am PT today, Silver is up $0.70, trading at $80.45 per ounce.