Gold nears $4,200 as dollar slips after weak jobs data

Spot gold and silver are sharply higher Friday morning as a weaker-than-expected U.S. employment report continues to weigh on the dollar and Treasury yields. Lower yields are also seen as supportive for precious-metals demand while short-covering boosts near-term momentum.

Analysis

Spot gold and silver are sharply higher Friday morning as a weaker-than-expected U.S. employment report continues to weigh on the dollar and Treasury yields. Lower yields are also seen as supportive for precious-metals demand while short-covering boosts near-term momentum.