Gold Hits 6-Week High After Weaker US Jobs Data; Bulls Gain Technical Momentum

Gold prices ended the U.S. day session solidly higher and hit a six-week high Monday, boosted by last Friday’s much-weaker-than-expected U.S. employment report. The improving chart postures for gold and silver are also prompting technically based buying interest in both markets. June Comex gold was last up $17.80 at $1,218.70 an ounce. May Comex silver was last up $0.379 at $17.08 an ounce.

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