Closing Commodities: Gold Rises 0.5% On The Week, Crude Oil Falls 0.1%
* Aug gold touched a session high of $1258.20 per ounce in early morning action following the Nonfarm Payrolls report that showed an addition of 217K payrolls vs the Briefing.com consensus of 220K.
* However, the yellow metal fell to a session low of $1245.70 per ounce moments after equity markets opened and remained in negative territory for the remainder of pit trade. It settled with a 0.1% loss at $1252.70 per ounce, booking a gain of 0.5% for the week.
* July silver also pulled back from its session high of $19.20 per ounce set shortly after floor trade opened and traded as low as $18.88 per ounce. It eventually settled with a 0.5% loss at $19.00 per ounce, cutting gains for the week to 1.8%.
* July crude oil touched a session high of $103.12 per barrel moments after floor trade opened but slipped into the red and to a session low of $102.27 per barrel in late morning action. It managed to recover back into positive territory and settled 0.2% higher at $102.67 per barrel, booking a loss of 0.1% for the week.
* July natural gas came off its session low of $4.68 per MMBtu and rose as high as $4.74 per MMBtu. It pulled back heading into the close and settled 0.4% higher at $4.71 per MMBtu, gaining 3.7% for the week.