Gold prices lost some steam Friday amid continued volatility as investors locked in profits after President Barack Obama’s jobs speech late Thursday.

Gold (-GC) for December delivery was wobbling in early trading, down $7.20 at $1,850.30 an ounce at the Comex division of the New York Mercantile Exchange. Gold has traded as high as $1,889.10 and as low as $1,825.50, while the spot gold price was losing $18.50, according to Kitco’s gold index.

Silver (-SI) prices were sinking 71 cents at $41.81 an ounce, while the U.S. dollar index was adding 1% at $76.95.

Gold prices were contending with massive volatility as regular double-digit sell-offs followed by a double-digit rally – and vice versa – have become the norm. – The Street.com