Gold and silver fall as jobs data lessen metals’ appeal (GLD, SLV)
Posted on Friday, June 5th, 2009 | In Exchange Traded Funds, Market Commentary, Silver
Contributed by: ETF Daily News (http://www.etfdailynews.com) -
Gold and silver futures fell sharply Friday, extending their weekly losses as an upbeat U.S. employment report boosted hopes for an economic recovery and served to reduce the safe-haven investment appeal of precious metals.
Nonfarm payroll fell 345,000 in May, the Labor Department reported, but this drop was much less than the 500,000 expected by analysts [...]
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Tags for this Post:
Department of Labor, etf daily news, Exchange Traded Funds, Market Commentary, Silver, United States
Department of Labor, etf daily news, Exchange Traded Funds, Market Commentary, Silver, United States
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