U.S. Jobless Claim Hold Gold and Silver Prices Down

GOLD

Data from the U.S. Labor Department revealed the weekly jobless claims increased to 196,000, up 13,000 from the previous week’s 183,000. Gold prices have seen another dip even with the U.S. Dollar weakening. At 11am PT today, Gold is trading at $1,860 per ounce, down $17.

SILVER

Similarly to Gold, Silver is experiencing a price drop after statements from the Federal Reserve invigorated concerns of more increases in interest rates to come. At 11am PT today, Silver is trading at $21.95 per ounce, down $0.40.