Raport

“Gold took an abrupt but not wholly unexpected turn to the downside in the wake of this morning’s job report which showed strong gains in U.S. payrolls for November. The metal is down $13 at $1463. Silver is down 20¢ at $16.77. Gold analysts had warned earlier in the week that a strong payrolls number could lead to price weakness. At the same time, some are likely to see the latest surge in stock values — the DJIA is up 180 as this report is posted — as an opportunity to trim positions. Likewise, some will see gold’s weakness as an opportunity to buy. It will be interesting to see if the early reaction sticks as the day wears on and we move into next week. Today’s strength can quickly turn to tomorrow’s weakness and vice versa.”

Sources: https://www.usagold.com/dailyquotes.html