The U.S. job market shows signs of weakening
The number of people receiving unemployment benefits in the United States rose back to 1.434 million at the beginning of last week, an increase of 12,000 on a weekly basis, but slightly lower than market expectations of 1.45 million. During the period, the average number of people receiving unemployment benefits increased to 13.69 million for four consecutive weeks, while the number of continuous claims increased to 17.018 million, both of which exceeded market expectations. The data shows signs of weakness in the local job market
Gold keeps rising and returns to the $1980 mark
Spot gold once returned to the 1980 U.S. dollar mark on Thursday. Global easing, a weaker U.S. dollar, and high economic downward pressure will continue to push investors to buy gold. This trend will continue at least until the uncertainty in the market subsides after the US election. The continued upward trend of gold triggered some profitable selling. At the same time, news about vaccine progress also put pressure on gold, so gold once fell below the $1,940 mark on Thursday. For a short time, gold may continue to trade in the recent shock range of 1940/1980 US dollars.
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