Gold falls 0.96% to $4,137.70 an ounce, down 3.40% for the week

The striking feature is the intraday reversal: gold spiked on the payrolls release and then surrendered the entire move, closing lower. That pattern suggests the macro data alone is no longer sufficient to sustain haven demand, and the weekly losses across gold, COMEX futures and silver point to a broader unwind rather than a single-session reaction. Silver's larger weekly decline is worth watching, since it typically amplifies shifts in the precious-metals complex.