Gold & Silver Continue To Stay Bullish On Weak Job News

GOLD

Disappointing jobs numbers for May helped Gold stay above the $3,350 per ounce support level this morning. Private payrolls rose just 37,000, well below April’s 60,000 mark and the forecasted 110,000. On that news, Gold reached a high of $3,386 before seeing light profit-taking.

At 11am PT today, Gold is trading at $3,379 per ounce, up $27 on average volume.

SILVER

Silver is showing excellent demand above the key $34 per ounce level, and reached a high today of $34.75 per ounce. Staying above the $34 per ounce level is important to the current Silver rally.

At 11am PT today, Silver is down $0.03 per ounce, trading at $34.47 on normal volume.