Gold's Volatility Continues Amidst Anticipation of U.S. Jobs Report

Gold and silver prices are slightly lower as traders await the U.S. employment situation report on Friday. The November non-farm payrolls number is expected to show an increase of 190,000 jobs. In overnight news, China reported a slight increase in exports and a decrease in imports. The U.S. dollar index is lower, while crude oil prices remain steady. Technically, gold and silver bulls still have the near-term advantage, but a market top may be forming. Gold's next upside target is to close above the record high of $2,152.30, while silver's next target is to close above $26.34.