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July 07,2023

Gold and silver rose Friday to finish the week in positive territory after June’s jobs report came in mixed with new jobs missing estimates and unemployment ticking down to 3.6%. The slowdown in job growth was enough to give metals a reason to rise, which had been trending negatively since the Fed doubled down on its hawkish tone earlier this week. For the week, gold rose 0.4% and silver gained 1.5%. Stocks are mixed heading into the close with the Dow down 50 points and the S&P 500 and Nasdaq up 0.2% and 0.4% respectively.