Gold Seeker Weekly Wrap-Up: Gold Gains 1.5% While Silver Surges Over 5% Higher This Week

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Gold traded mostly slightly higher in Asia and London before it briefly fell as much as $4.95 to $1127.45 in early New York trade after the jobs report was released, but it then rose to a new session high of $1140.49 by late morning and ended with a gain of 0.24%. Silver rose to as high as $17.49 by late morning in New York before it fell back off a bit in the last couple hours of trade, but it still ended with a gain of 1.05%.

Euro gold fell to about €834, platinum lost $5 to $1572.50, and copper gained 4 cents to about $3.40.

Gold and silver equities rose over 2% in the first hour of trade before they moderated a bit midday, but they still ended with over 1.5% gains.