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Thursday’s Analytical Charts for Gold, Silver and Platinum and Palladium
Read moreGold Sells Off on Upbeat U.S. Jobs Data, Drops Below $1,200 to 9-Mo. Low
Gold Sells Off on Upbeat U.S. Jobs Data, Drops Below $1,200 to 9-Mo. Low
Read moreU.S. Weekly Jobless Claims Fall By 8,000 To 287,000
First-time weekly jobless claims in the U.S. declined by 8,000 to a seasonally adjusted 287,000 during the week to Saturday, the Labor Department said Thursday.
The tally was below the consensus expectations compiled by various news organizations, which were for 297,000 to 298,000.
The government revised the prior week’s tally for initial jobless claims to 295,000 from the originally reported 293,000.
Meanwhile, the four-week moving average for new claims – often viewed as a more reliable measure of the labor market since it smoothens out week-to-week volatility – was down by 4,250 claims to 294,750.
Traders monitor jobs data closely to gauge how aggressively the U.S. Federal Open Market Committee alters monetary policy. The key report this week is Friday’s release of September nonfarm payrolls, with consensus expectations calling for a gain of 205,000 to 220,000 jobs.
Gold Sees More Selling Pressure, But Holding Above $1,200
(Kitco News) – Gold prices are moderately lower and hovering not far above this week’s nine-month low in early U.S. trading Thursday.
ECB Leaves Rates Unchanged, Markets Wait For QE Details
(Kitco News) – The European Central bank, as expected, left interest unchanged Thursday.
Read moreGold Ends Near Steady; U.S. Jobs Report On Deck
Gold Ends Near Steady; U.S. Jobs Report On Deck
Read moreGold Sees Tepid Short-Covering Bounce; Bears Still in Control
Gold prices ended the U.S. day session modestly higher on short covering and an upside technical correction after hitting a nine-month low Wednesday. However, the strong U.S. dollar and the overall bearish raw commodity sector at present are still giv…
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