Gold, silver prices see sharp pop on huge jump in U.S. jobless

(Kitco News) - Gold and silver prices are trading sharply up in midday U.S. trading Thursday and are near session highs after the U.S. government reported a massive increase of 6.6 million in jobless claims in the latest reporting week. The big rally in oil prices today is helping to lift the U.S. stock indexes.

Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,675.00. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 230.00 cents.

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