Gold News

Gold Prices, Silver Prices Steady After Disappointing US Jobs News

From Chris Mullen at

Gold Prices fell $7.60 to $1524.00 in London on Friday, before jumping to $1545.69 in midmorning New York trade. Gold Prices then pared their gains a bit heading into midday, but then rallied back higher in afternoon trade and ended near their earlier high with a gain of 0.63%.  

Silver Prices fell to as low as $35.10 by about 9am EST, but then rallied back higher into the close and ended with a loss of just 0.25%.

Euro Gold Prices fell to about €1054.

Gold Mining and silver equities waffled near unchanged and ended mixed.

Platinum gained $3.50 to $1814, and copper climbed 5 cents to about $4.13.

Oil ended slightly lower on worries over waning energy demand.

The US Dollar fell and US Treasuries rose on disappointing jobs data that sent the Dow, Nasdaq, and S&P roughly 1% lower.

Among the big names making news in the market Friday were Newell Rubbermaid, Wells Fargo, and Wal-Mart.

This week's economic highlights include Consumer Credit on Tuesday, the Fed’s Beige Book on Wednesday, Initial Jobless Claims, the Trade Balance, and Wholesale Inventories on Thursday, and Export and Import Prices and the Treasury Budget on Friday.

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Chris Mullen is chief content manager of the GoldSeek family of websites, a leading source of gold news, comment and mining-stock data for private and institutional investors.

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