Gold Slips Below Key Support Amid Inflation Concerns, Yet Analysts Spot Buying Opportunity

Gold prices have slipped under the 200-day moving average after robust US jobs data. Spot gold traded near $4,327.40 per ounce, down 3% on the day and more than 4% for the week. Silver took a sharper hit, falling to $68.28 after a drop exceeding 7% and heading for a 9% weekly loss.