Gold's Rollercoaster Ride: From "Goldilocks" to Hammered - What's Next?

Gold and silver prices are experiencing significant losses following a U.S. jobs report that suggests the U.S. economy is in a favorable position. The report, which is being referred to as a "Goldilocks" report, showed a rise in non-farm payrolls and a decrease in the unemployment rate. As a result, U.S. stock indexes rebounded and the U.S. dollar index rallied, while precious metals markets were negatively impacted. Gold hit a two-week low and silver hit a three-week low.