Gold & Silverbeta

December 11, 2012

The definitive group for discussing all things related to the precious metals

A resourceful community for those who hold, plan to purchase, or are helplessly infatuated with gold & silver

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By davefairtex on Sat, Sep 5, 2015 - 7:22am

PM End of Week Market Commentary - 9/4/2015

On Friday, gold fell -2.20 to 1122.30 on moderate volume, while silver dropped -0.14 to 14.55 on moderately light volume as well.  Gold and silver traded mostly sideways until the Nonfarm Payrolls release at 08:30 Eastern; silver ended up selling off and closing down, while gold initially sold off, but then mostly recovered.

By end of day, the effects of the Nonfarm Payrolls report was slightly dollar negative, somewhat negative for equities, and negative for commodities also - copper, oil, and silver all closed lower.  Gold did fairly well by comparison.

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