Gold Price Stays Lower After U.S. Jobless Claims Data
The gold price stayed lower on Thursday morning even as data showed the number of people who filed for unemployment benefits in the U.S., the world’s largest economy, rose last week.
April gold fell $2.5, or $0.2%, to $1,236 at 8:35 a.m. in electronic trading. Gold finished at $1,239.10 an ounce on Wednesday, the highest settlement since February 12.
U.S. stock-index futures rose Thursday morning. Futures for Dow Jones Industrial Average and S&5 500 index increased 0.1% each, while Nasdaq-100 futures was flat. Wall Street closed in positive territory on Wednesday, erasing steeper earlier losses as crude prices bounced back late in the session.
The number of Americans filing for unemployment benefits increased last week from a three-month low, but stayed below levels consistent with a strong labor market. Jobless claims rose by 10,000 to 272,000 in the week ended February 20, a report from the Labor Department showed.
Another report showed orders to U.S. companies for durable manufactured goods rose 4.9% in January, their strongest pace in ten months, an indication of a pause in the manufacturing slump.
Investors will direct their attention to a Group of 20 meeting in Shanghai on Friday, where China is expected to address global anxiety about its economy and financial markets.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).