The latest US jobs data shows that 148,000 jobs were created in the US in December, well below the amount added in November.
The gold price reached a two-and-a-half-month high on Friday, passing the $1,300 mark. Other winners this year include palladium and copper.
Gold was on the rise this week despite support for equities and the dollar. Silver and copper were also up, while oil hit its highest level since mid-2015.
Silver was also on the rise, and copper was at a three-week high on Friday morning. Oil prices were set to end the week flat.
After a rough week, the gold price remained under pressure on Friday and was on track for its biggest weekly decline since May.
Last week’s other top-gaining stocks on the TSX were Nighthawk Gold, Katanga Mining, Avesoro Resources and eCobalt Solutions.
By Melissa Shaw
Last week’s other top-gaining stocks on the TSXV were LiCo Energy Metals, Viscount Mining, King’s Bay Resources and Elcora Advanced Materials.
The gold price saw some positive momentum Friday morning after Michael Flynn pled guilty to making false statements to the FBI.
Gold and Silver edged down on Friday. Copper traded above the $7,000 per-tonne-mark.
The gold price edged higher on Friday as the US dollar eased. Meanwhile, silver was on track for a weekly increase and copper was down for the week.
The cartel remains optimistic about oil demand in the next few decades, but a jump in electric car adoption could see oil use plateau by the mid-2030s.
In this interview with Impala Ventures, Lilac Solutions founder David Snydacker explains how his company is poised to disrupt the captive lithium market.
The gold price fell to a one-week low at the end of the week after a positive US economic data reading pushed the dollar higher.
OPEC is widely expected to extend output cuts later this month, and market watchers are optimistic about prospects moving forward.
By Melissa Shaw
Last week’s other top-gaining stocks on the TSXV were Northern Graphite, Eskay Mining, Melior Resources and Mustang Minerals.