Gold Falls on US Jobs Report, Platinum Bar Price Down 1.3%

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Even though a less-than-stellar performance by the US jobs report before the weekend hit gold prices, the price of US platinum bar fell 1.3 percent on Friday, August 1, making it the day’s biggest mover.

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After three days of flat prices, it closed at $1,456 per ounce. At CNY 309.00 ($50.05) per gram, Chinese platinum bar fell 0.6 percent last Friday. At JPY 4,880 ($47.48) per gram, the price of Japanese platinum bar was essentially unchanged.

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US palladium bar prices saw a 0.7 percent decline to $870.00 per ounce. The price of Chinese palladium bar fell 0.5 percent to CNY 193.00 ($31.26) per gram last Friday after two days of no change. The price of Japanese palladium bar steadied at JPY 2,955 ($28.75) per gram following two-days of increases.

The price of US gold bullion fell 1.1 percent to $1,281 per ounce. Chinese gold bullion finished the day down 0.9 percent to CNY 255.30 ($41.35) per gram. Indian gold bullion stayed flat at around INR 27,900 ($458.39) per 10 grams. The price of Japanese gold bullion showed little movement last Friday at JPY 4,272 ($41.57) per gram.

US silver ended the day at $20.38 per ounce, after the 1.1 percent drop last Friday. Chinese silver closed 0.3 percent lower at CNY 4,300 ($696.51) per kilogram. Indian silver saw its price rise 0.1 percent to INR 45,190 ($742.46) per kilogram. Following a two-day rise, the price of Japanese silver flattened at JPY 677.00 ($6.59).

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