Gold Spot Price Open: $1,577

Gold Spot Price Close: $1,580

Change in Gold Spot Price: +$3

Silver Spot Price Open: $28.81

Silver Spot Price Close: $29.02

Change in Silver Spot Price:+$0.21

To finish off the week, precious metals more or less retained their Thursday positions, improving only slightly. When all was said and done gold picked up about 3 dollars while silver improved to the tune of one penny more than twenty cents.

All week investors anxiously awaited Friday's US jobs report, but the fact of the matter is that many wished it had never come at all. The report, which was released in the Friday morning hours, showed that unemployment had fallen by a few tenths of a percentage point and that through February there were an additional 200,000+ jobs to be found in the economy. All this may seem like good news, and for the average American it is, but for precious metals investors it simply meant another tough day at the office.

As long as the economy in the United States is improving at such rapid rates, investors in precious metals are going to have to batten down the hatches and get ready for the long haul. An improving economy means that investors no longer need to rely on gold and silver as a way of preserving their assets, but rather, they are turning to riskier investments in hopes of reaping a large return. What is happening here is in stark contrast to many other parts of the world where currency devaluations are helping precious metals investors an incredible amount.

Stay tuned next week as we look to see if the economy in the US can continue to make strides forward, and if so, how metals react.