GOLD
Jobless Claims & Gold Impact
US jobless claims fell to 207K, missing estimates but lower than the previous week's 223K.
A decline in continuing claims to 1.858M signals labor market resilience, reducing recession fears.
Stronger employment data is negative for gold, as it lowers Fed rate cut expectations and boosts the dollar.
US jobless claims fell to 207K, missing estimates but lower than the previous week's 223K.
A decline in continuing claims to 1.858M signals labor market resilience, reducing recession fears.
Stronger employment data is negative for gold, as it lowers Fed rate cut expectations and boosts the dollar.
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