US Jobless Claims Decline, Gold Prices Under Pressure
TL;DR Summary
Gold prices are facing technical selling pressure as U.S. weekly jobless claims fell by 10,000 to 230,000, beating expectations. The positive labor market data has led to a muted reaction in the gold market, with December gold futures trading down 0.31% at $1,942.10 an ounce.
Topics:business#finance#gold-market#gold-prices#jobless-claims#technical-selling-pressure#us-labor-market
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- Jobless Claims Fall to Lowest Level in Three Weeks Bloomberg Television
- US Wage Growth Slows as Inflation Cools, Giving Fed Relief, Indeed Says Bloomberg
- US initial jobless claims 230K vs 240K estimate. ForexLive
- View Full Coverage on Google News
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