(Kitco NewsWire) - Spot gold and silver prices are sharply higher in early U.S. trading Friday, as a surprise decline in July payrolls pulled Treasury yields lower and reduced near-term Fed hike expectations. At the time of writing, spot gold was trading near $4,352.60 an ounce, up 2.67%, while spot silver was trading at $63.970, up 4.20% on the session.The latest positioning shift is now centered on whether the Fed can keep a hawkish bias after softer labor data. The FOMC held the target range