Gold moved $8.00 down yesterday touching triple digits again largely on a continued strength in the US currency and a sell off in the equity market. It appears that some investors still nervous about the overall state of the world economy decided to play safe and take profits ahead of the US employment report to be released later today. Like gold, silver moved lower losing 36 cents to settle at $16.340/oz pressured by a higher greenback and weaker copper prices which this time led the way for a decline in the whole industrial metals spectrum.

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Gold & Silver

METAL

LEVEL

CHANGE

GOLD

999.40

(-8.00)

SILVER

16.340

(-0.36)

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