Gold Spot Price Open: $1,699
Gold Spot Price Close: $1,705
Change in Gold Spot Price:+$6
Silver Spot Price Open: $33.01
Silver Spot Price Close: $33.13
Change in Silver Spot Price:+$0.12
The week wrapped up on a positive note for both gold and silver as both precious metals finished the week up. Gold gained 6 dollars on the day whereas silver was able to pick up only 12 cents.
Like we had predicted yesterday, the jobless numbers that were released today showed positive results which is very hard to find nowadays. Of course many believe that these numbers were skewed by Hurricane Sandy, but that does not change the fact that since October the jobless rate in the United States fell from 7.9% to 7.7%.
There was little news to report out of Europe on Friday which is a stark contrast to what went on in the earlier parts of the week. With the situation in Greece calming down and the likelihood that Spain will receive some bailout money increasing we can expect a calmer economic atmosphere throughout the European region.
