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8/6, 2:38 PM (Source: TeleTrader)
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Precious metals decrease after upbeat jobs data

Prices of precious metals slid on Friday after a report by the United States Bureau of Labor Statistics unveiled that nonfarm employment in the country increased by 943,000 in July, topping the analysts' expectations.

The monthly decline in the unemployment rate helped the traders shake off some of the worries caused by the spread of the coronavirus' Delta variant, and seemingly shift away from the so-called safe-haven assets.

Gold lost 0.77% to sell for $1,789.6 at 8:35 am ET, while silver dropped 1.11% to $24.88 a minute later. Platinum declined by 0.91% to go for $998.9 an ounce at 8:37 am ET, while palladium concurrently moved up 0.62% to $2,761.04.

Breaking the News / BU