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Gold, silver bulls work to stabilize their markets
Gold prices are modestly up and silver prices a bit weaker in midday U.S. trading Monday. Gold hit a four-week low overnight and silver a two-month low. Bulls are now working to stop the bleeding following a surprisingly strong U.S. jobs report Friday that tanked the precious metals markets. April gold was last up $3.00 at $1,879.40 and March silver was down $0.135 at $22.265. A feature in the marketplace early this week is a strengthening U.S. dollar index and rising U.S. Treasury yields—both bearish elements for the precious metals markets. This follows last Friday's January U.S. employment situation report from ... (full story)