Silver closes higher, but logs weekly loss

2021-06-04 22:27:26 GMT (Economies.com)
Silver closes higher, but logs weekly loss

Silver prices rose on Friday, while the US dollar fell against most of its peers after the disappointing US data, but silver posted a weekly loss.

 

The US Department of Labor reported that the economy has added 559K new jobs in May, missing forecasts of 645K.

 

The US unemployment rate fell to 5.8% in May from 6.1% in April, better than analysts' forecasts of 5.9%.

 

The ADP Non-Farm Employment Change reading showed yesterday a rise by 978K jobs in May, while analysts forecast 645K.

 

The dollar index fell against a basket of major currencies by 0.4% to 90.1 points as of 19:09 GMT, after hitting a high of 90.6 points and a low of 90.1 points.

 

Silver July futures rose 1.5% or 42 cents, and closed at $27.90 an ounce, and posted a weekly loss of 0.4%.

 
 
 
  Symbol Last Change Chg.%
1.1940
0.0038
0.3163%
1.3925
0.0031
0.2202%
Tadawul
10919.68
6.62
0.06%
26.009
0.021
0.081%
73.603
1.777
2.474%
75.56
0.32
0.43%
1776.965
-1.425
0.080%
 
 
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