Gold & Silver Moving Higher On Weak Job Report

GOLD

In overnight trading, both in China and India, the Gold price moved over $5,100 on solid buying.
Then reached a low of $5.055 in London, before rallying during U.S. trading to $5,165 per ounce.
The Gold rally in the U.S. was driven by a weak U.S. jobs report. February’s job numbers came in much worse than expected.
The U.S. lost 92,000 jobs last month, per the Bureau of Labor Statistics report.
Gold continues to see strong demand from investors turning to safe-haven investments because of the U.S.-Israel-Iran war.

At 11 am PT today, gold is trading at $5,164 per ounce, up $78.53 on normal volume.

SILVER

Silver continues to build a strong base of over $80 per ounce.
Today, Silver traded between $82 and $84.50 as we see the recent crazy volatility leaving the trading.
Reports that a few key Silver depositories and vaults are at very low levels are helping demand for physical Silver.

At 11 am PT today, Silver is up $1.75 per ounce, at $84.48 per ounce on average volume.