Gold, silver prices surge as US economy sheds 23,000 jobs
Creator: Scott Spence |
Date: 2026-08-07 12:14:00
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Gold surged to a seven-week excessive and silver climbed even quicker Friday after the US financial system unexpectedly shed jobs in July, weakening the case for an additional Federal Reserve interest-rate enhance.
Comex December gold rose 2.3% to $4,401 an oz. by 10:03 a.m. in New York, its highest since mid-June. September silver jumped 3.6% to $63.85 an oz., additionally reaching a seven-week excessive. Gold stays about 21% under its late-January file close to $5,600, whereas silver…
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