Gold & Silver Prices | Weekly Recap 30 January – 3 February

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DG365FD46564GFH654FU898 Gold and silver prices didn’t do much during last week as they have started off with slight gains that were lost by the end of it. I suspect the recent non-farm payroll report, which showed a rise of 243,000 in employment, may have been among the factors to pull down precious metals prices on Friday. This report may have cooled down the speculative mode the metals market has been during January especially following the recent FOMC decision to keep rates low until 2014.