Gold futures climbed to their highest levels in more than a week Friday, nearing record territory after a report that the U.S. economy didn't add any jobs in August boosted investor demand for a safe place to park cash.
Worries in Europe and a dismal monthly U.S. jobs report have helped to spur prices back to the upper $1,800s level on Friday and most of experts expect these concerns to continue to underpin gold prices. The market will be looking forward to President Barak Obama’s speech on next Thursday, when he is supposed to lay out a jobs plan.
Silver Prices meantime smashed through $43 per ounce – a near 4% weekly gain.
Below a screenshot of gold and silver spot prices at 7.30pm :
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