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Gold and silver hold post-NFP gains as hike bets move out

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Gold and silver hold post-NFP gains as hike bets move out

Spot gold and silver are sharply higher late Friday, with Thursday’s weaker-than-expected U.S. employment report weighing on the dollar and lifting precious metals. The move is supported by a thin holiday-weekend tape, suggesting the catalyst is macro-driven rather than company-specific.

Analysis

Spot gold and silver are sharply higher late Friday, with Thursday’s weaker-than-expected U.S. employment report weighing on the dollar and lifting precious metals. The move is supported by a thin holiday-weekend tape, suggesting the catalyst is macro-driven rather than company-specific.

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