The SPDR Gold Trust ETF (NYSE: GLD) and iShares Silver Trust ETF (NYSE: SLV) closed Friday with the best gains of the week, as weaker than expected payrolls numbers out of the US supported safe haven demand for precious metals assets.
In the current climate, a moderating headline number in the non-farm payrolls and an uptick in the unemployment rate become more significant, as it becomes harder for the Federal Reserve to maintain its schedule for raising interest rates next year.
GLD and SLV are both trading at the upper end of their ...
More...