💨 Abstract

Gold prices climbed over 1% on Thursday after fresh Labor data indicated that the number of Americans filing new unemployment claims rose more than expected last week. Initial claims for state unemployment benefits increased 22,000 to a seasonally adjusted 231,000 for the week ended May 4. The dollar slipped about 0.3% against its rivals to $105.27 after the jobs report, making gold less expensive for other currency holders.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖