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(Kitco News) – Gold prices are trading steady to slightly higher in the immediate aftermath of a U.S. jobs report that showed non-farm jobs rose a bit more than expected. Gold traders and investors have apparently reckoned their metal’s prices had fallen too far during the recent sell off and the market deserves at least a short-covering bounce. August Comex gold was last up $1.90 at $1,254.60 an ounce. Spot gold was last quoted up $1.00 at $1,254.75. July Comex silver last traded down $0.023 at $19.06 an ounce.

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