BULLION LATEST – Gold price picks up on positive US job data, silver climbs

Jun 6, 2014 - 1:58 PM GMT

Gold picked up slightly on Friday afternoon after US job data came in slightly better than expected.

Spot gold peaked at $1,257.70 per ounce, up $4.60 on Thursday’s close, after the non-farm unemployment change at 217,000 and an unemployment rate of 6.3 percent both exceeded forecasts. Average hourly earnings growth at 0.2 percent was as expected.

Silver tracked gold higher to its strongest since May 27 at $19.21 per ounce, up 19 cents.

Palladium peaked at a one-week high of $844 but platinum was the only metal to not spike higher – at $1,451/1456, it was still up $8, underpinned by reports of a breakdown in South African strike talks.


(Editing by Mark Shaw)