Precious metals prices didn't do much during the week as they both edged up on a weekly scale. There were several reports that came out during the week but none of them seem to have a substantial effect on precious metals. The U.S trade balance deficit declined during June; U.S. jobless claims declined last week by 6k to 361k.
By the end of the week, gold rose by 0.84% and silver by 0.94%.
Gold rose during last week by 0.84%; further, during said time the average rate reached $1,617.6 /t. oz which is 0.52% above the previous week's average rate of $1,609.18 /t. oz. Gold finished at $1,622.8 /t. oz.
Silver, much like gold, increased on a weekly scale by 0.94%; further, the average rate rose by 1.38% to reach $28.04/t oz compared to the previous week's average $27.66/t oz.
During last week, the average daily percent change of gold reached 0.17%; silver edged up by an average 0.19%.
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