A lower level of jobs being created - still near last year's monthly average levels - gave bullion prices a much-needed mini-boost, following the days of incessant selling it had experienced for most of this week.
Gold opened with a gain of $25 at $1,688 the ounce and silver started the midweek session off with a three-quarter dollar rise to the $32.89 level. But the big gainer on the day was platinum, which showed a $30 lift to $1,544.
Metals prices received further lift this morning as turmoil in Europe diverted funds in their direction but the complex was still competing with what is apparently shaping up as a stock market rally of notable proportions on both sides of the Atlantic.
Following a retreat to the $1,355 area, gold prices picked up fresh hedge fund-sourced steam this morning and climbed to the upper $1,360's with relative ease, despite near three-week highs recorded in the values of the US dollar.
The US dollar recovered from the eight-month lows it touched on Monday, rising another 0.22 this morning to reach 77.73 on the trade-weighted index. Bullion retraced steps to the $1,339.90 marker in early Tuesday action, with a $13.00 drop.
Precious metals recorded small gains as they opened for business this morning. Most action to the upside in gold was US dollar related (what else is new these days?) as the latter struggled to maintain the 77 level on the trade-weighted index.
Gold prices meandered within a fairly tight range overnight as fewer buyers or sellers were visible on the scene in the absence of substantial market news and with an emergent trend to square books and head away from trading desks.