January 8: Gold Gains 4% on the Week While Dow Drops Over 6%

Gold dropped down to $1095.89 after the release of this morning’s jobs data before it bounced back to $1105.06 by late morning in New York and then drifted back lower again in early afternoon trade, but then edged back higher in late trade and ended with a loss of just 0.61%. Silver slipped to as low as $13.886 and ended with a loss of 2.59%.

Chris Mullen