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Gold closed the week at $2,442 (up $56 since last week) and silver at $28.54 (up $0.64). Terrible jobs numbers this week struck fear in the markets and in the Fed. As recession warnings flash, precious metals are up. Could they go even higher soon?
Gold closed the week at $2,391 and silver closed up 7% at $31.20. JD and Joel explain what’s beneath this massive price upswing, drill into recent US jobs reports, and ponder the hypocrisy of power-hungry politicians.
In April, the U.S. economy added a disappointing 175,000 jobs, falling short of expectations and nudging unemployment up to 3.9% (see current trends here). This signals a slowing economy that might force the Federal Reserve to put the guard rails back on. Our guest commentator gives a deeper look at a worrisome trajectory: while part-time […]
