As of 08:54:04 PST Gold spot is down $22.80 at $1,286.10. Friday’s U.S. employment report showed a larger than expected rise also causing the dollar to rally as well. Both of these are current factors working against gold.
We continue to expect that gold spot will be held around $1,300.00 for the time being. This offers a great buying opportunity for those interested in acquiring physical precious metals.