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Gold futures climb for the session; silver ekes out a modest gain for the week

Gold futures climb for the session; silver ekes out a modest gain for the week




Myra P. Saefong





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Video: Moderate U.S. job growth in January bolsters case for large stimulus package (Reuters)

Moderate U.S. job growth in January bolsters case for large stimulus package

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Gold and silver futures finished with gains on Friday, but gold fell for the week. Prices for the precious metals got a boost from a smaller-than-expected monthly rise in U.S. nonfarm payrolls as well as news that the U.S. Senate approved a budget resolution in a move that fast tracks the $1.9 trillion coronavirus relief plan proposed by the Biden administration. April gold rose $21.80, or 1.2%, to settle at $1,813 an ounce, but prices based on the most-active contract lost 2% for the week, as the ICE U.S. Dollar Index rose from its week-ago level. March silver settled at $27.019 an ounce, up 79 cents, or 3%. After volatile trading over the past few days, prices ended the week roughly 0.4% higher.

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