(Kitco News) – Economic data released out of China and Federal Reserve chief Janet Yellen’s first congressional appearance since being sworn in Feb. 3 could influence gold prices next week. February gold futures rose Friday, settling at $1,262.90 an ounce on the Comex division of the New York Mercantile Exchange, up 1.9% on the week. March silver fell Friday, settling at $19.936 an ounce, up 4.3% on the week.
Despite gold’s lackluster response to the jobs market,several market analysts said they think the yellow metal could continue its gains next week. In the Kitco News Gold Survey, sixteen participants see prices up, while four see prices down and three see prices trading sideways or are neutral.
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Feb. 7 Analytical Chart – See Friday’s analytical charts for silver, platinum, and palladium at kitco.com
