Gold added $3.00 in the Asian session this morning trading at 1579.90 but remains in its weekly trading range close to the 1575 range. Precious metals prices traded flat on Friday also, ending the week with a slight gain, after data showed improvement in the U.S. economy but not enough for the Federal Reserve to halt its stimulus, analysts said. Friday’s robust jobs report capped off a string of positive labor reports that have given investors reason to believe the economy is finally on firmer footing. The U.S. government reported early Friday that 236,000 jobs were added to the economy in February, and the unemployment rate dropped to 7.7%. The employment gains beat analysts’ forecasts by a wide margin. The recent rally has been driven by a series of strong economic reports, particularly related to the job market and manufacturing.Continue Reading....
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