COMEX gold futures for April delivery snapped a three-session winning streak, as they retreated $19.00, or 1.1%, to $1,740.30 per ounce

gold futures for April delivery snapped a three-session winning streak, as they retreated $19.00, or 1.1%, to $1,740.30 per ounce.  However, following the COMEX close gold futures tumbled to as low as $1,727.40 in electronic trading.  The yellow metal still managed to finish the week in positive territory, but by just 0.5%.

Silver, which had been outperforming gold by a considerable margin heading into today, fared worse than the yellow metal after the employment report.  COMEX silver futures for March delivery finished lower by $0.43, or 1.3%, at $33.75 per ounce.  Subsequently in electronic trading, however, silver sunk 1.9% to $33.53 per ounce.  For the week, silver posted a fractional loss of 0.1%.