The number of new jobless claims in the United States continued to drop to 553,000 last week, compared to the market’s original expectation of 549,000, a decrease of 13,000 from the previous month. During the period, the number of people who continued to claim unemployment benefits increased by 9,000 to 3.66 million, higher than market expectations of 3.614 million. The ideal employment data in the United States is reflected in the huge fiscal stimulus and extensive vaccination. The impact of the Covid-19 pandemic on the job market is gradually diminishing.
On Friday (April 30) Asian market in early trading, spot gold continued to be under pressure, and it is now quoted at around US$1770 per ounce. The well-known financial website Economies.com recently wrote an article on Friday to analyze the price of gold. Driven by the favorable economic data from the United States, the yield of US Treasury bonds rose sharply, and the price of gold fell by more than 1% on Thursday (April 29). Spot gold closed at 1,772.18 US dollars per ounce, down 9.50 US dollars or 0.53%, the lowest intraday hitting the lowest point since April 15 at 1,756.04 US dollars per ounce. Economies.com wrote in the article that the price of gold fell sharply on Thursday and fell below $1765.00 per ounce. However, gold price subsequently rebounded and is now back above this level.
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.