Gold prices impacted by US jobs report and Fed rate hike possibility.

Gold and silver prices are slightly down after a stronger-than-expected US employment report for May, which falls into the camp of the US monetary policy hawks. However, the gold and silver markets did not react strongly to the better jobs data. Traders and investors are still buzzing about the Wall Street Journal report Thursday that said the Fed is likely to pause in its interest-rate-hiking cycle at the June FOMC meeting, before raising rates again later this summer.