The big news today governing fundamentals was the fair-to-middling jobs report issued by the U.S. Department of Labor.

No thanks to regular trading, gold took back some of its recent losses today, rising about 0.37%. It was all done on the back of a softer U.S. dollar. Silver did far better, rising on regular trading as well as the weakness in the greenback.

There are a number of reasons why gold trades lower or higher on a given day. Logically, we know that it can be a combination of factors. Today, we have but one.

Gold is off quite modestly we might note – about $2.50 at 4PM in New York.