Gold and Silver Rise Ahead of Jobs Report

Gold and silver are finishing higher Thursday, as investors await the government's monthly unemployment report on Friday.

Gold for August delivery rose $17.30 to settle at $14.15.80 an ounce. July silver gained 23.5 cents to $22.71 an ounce.

Investors found encouraging signs in the weekly jobs report that came out Thursday. The number of Americans seeking unemployment benefits fell by 11,000 last week to a seasonally adjusted 346,000, a level consistent with steady job growth. The monthly report is expected to show the unemployment rate remained at a four-year low of 7.5 percent.

Grains were mixed, with wheat and soybeans lower. Corn was higher.

Crude oil futures ended at $94.76, up $1.02. Natural gas lost 17 cents to settle at $3.83 per thousand cubic feet.

Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 11, 2013, at 7:56 AM, CharlesMcLain wrote:

    One of the most crucial economic data for the gold market is the government’s monthly employment report. Trades are anticipated to closely scrutinize the report to assess the strength of the U.S. economy. The U.S. non-farm private employment data reported jobs below the expected number. The U.S. non-farm private employment data reported jobs below the expected number which spurred the gold prices, plus other factors that are affecting the gold price movement.

Add your comment.

DocumentId: 2476112, ~/Articles/ArticleHandler.aspx, 7/25/2014 3:08:53 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.