A good jobs report keeps the markets riding high, and Couer acquires SilverCrest for $1.7 billion
10/5/2024
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A good jobs report on Friday sustained market momentum.
On Saturday, mining audiences manager Michael McCrae recorded Kitco Roundtable.
According to the Bureau of Labor Statistics, 254,000 jobs were created last month, marking the strongest employment report in six months. The unemployment rate dropped to 4.1%.
Spot gold finished the week at $2,665, roughly unchanged for the week, while silver added $1.20 to hit $32.20.
On Friday Coeur Mining announced that it would acquire SilverCrest in an all-share transaction valued at $1.7 billion.
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