The high volatility in the financial markets has also kept moving gold and silver prices – albeit mostly downward. Although they did bounce on Friday, precious metals were still down for week: gold and silver fell by 2% and 5%, respectively, on a weekly scale. The recent U.S. GDP for Q2 was better than expected and provided some backwind for the U.S. dollar. The latest recovery of the U.S. dollar also prompted selloffs of gold and silver during most the week. This week, the main event will be the release of the non-farm payroll report that could move again gold and silver. In Europe the ECB will convene for another ... (full story)