Once again, we see the U.S. dollar dominating price action in the precious metals. With the exception of gold, metals including silver, platinum, and palladium all traded higher on the day.

In light of an extremely strong U.S. dollar, gold is holding up quite well today. We only need to look at the KGX (Kitco Gold Index) to illustrate that point.

Today’s jobs report, certainly the most significant economic data to come out this month, came in well under analyst expectations with 155,000 new jobs being added in the month of November.