Gold And Silver Higher On Disappointing Jobs Numbers

Gold And Silver Higher On Disappointing Jobs Numbers

GOLD

The U.S. Department of Labor reported that non-farm payroll grew by 187,000 jobs in July. The was below the forecast of 200,000 and the financial markets reacted to the slower economic growth. Gold jumped $10 on the news after reaching a low of $1,924 in overnight trading. At 11am PT today, Gold is trading at $1,942 per ounce, up $7 on normal volume.

SILVER

The Silver price reached a low of $23.19 before rallying on the Jobs numbers. Silver did move back above the important $23.50 level when Gold rallied. At 11am PT today, Silver is trading at $23.64, up $0.04 on average volume.

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