Gold & Silver Prices Test Support Levels On Job News

Gold & Silver Prices Test Support Levels On Job News

GOLD

This morning Gold prices dropped significantly due to the U.S. job report that came out Thursday afternoon with better-than-expected results. U.S. Dollar Index is higher which has also contributed to Gold’s bearish slope. At 11am PT today, Gold is trading at $2,041 per ounce, down $18.

SILVER

Silver prices have been suffering today as well. The Fed is in no rush to cut interest rates which will be a dangerous game for Silver pricing. At 11am PT today, Silver is trading at $22.80 per ounce, down $0.51.

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