ABX:CC - Top Stories This Week: Gold and Silver Prices Drop NYSE Glitches Sprott Debuts Copper Trust

2024-06-07 17:00:00 ET

Gold and silver prices fell off a cliff on Friday (June 7) after seeing strength earlier in the week.

The yellow metal rose as high as US$2,386.62 per ounce on Thursday (June 6), while its sister metal hit US$31.49 per ounce the same day. But strong US jobs data and gold-related news out of China turned those gains around.

May data from the US Bureau of Labor Statistics shows that 272,000 nonfarm payroll jobs were added for the month, much higher than the 180,000 anticipated by experts. The unemployment rate came in at 4 percent for the period.

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