The gold price slipped overnight on the back of better-than-anticipated US jobs data, which reduced the prospect of an interest rate cut later this month.

But the price of silver has run hard, hitting US$37/oz at one stage. It is now at US$36.80.

The western world desperately needs gallium and today Perth-based Nimy Resources has unveiled more assays which show it has found a big deposit of the critical metal in WA.