Unemployment and the Price of Gold

GOLD

Today, the non-farm payrolls number came in at up 372,000, versus market expectations for
a rise of 250,000 and compares to the 390,000 gain in the May report. The unemployment rate in June was 3.6%.
This news initially drove the Gold price down to $1,730, then serious buying appeared and briefly took the price back over $1,750.
At 11am PT today, Gold is trading at $1,744, up $3 on average volume.

SILVER

This morning Silver tested support at the key $19 per ounce support level, reaching a low of $19.03.
As Gold rallied, silver moved back over $19.20 on excellent volume in European markets.
At 11am PT today, Silver is up $0.08 per ounce, trading at $19.32 on normal volume.