In the early morning of the 14th Beijing time, gold futures prices rose on Thursday. U.S. initial jobless claims data released today fell below 1 million for the first time since the outbreak of the coronavirus five months ago. Gold prices overcame the negative impact of the data, recording a second consecutive day of gains.
the U.S. Labor Department said on Thursday that the number of U.S. initial jobless claims fell to 963000 last week. This is the second consecutive week of decline in Tai Fu, and also the first time in more than 20 weeks that it has dropped below 1 million. This week’s initial jobless claims improved compared with 1.19 million initial jobless claims at the end of July.
will Cai, partner and director of the Wilshire Phoenix fund, said: “in the current uncertain period, we expect gold prices to fluctuate. This week’s gold price correction is not unexpected, and some even hope it will, as profit taking, price retracement and consolidation may lay the foundation for further gains. ”
the price of gold futures for December delivery on the New York Mercantile Exchange rose $21.40, or 1.1%, to $1970.40 an ounce, with an intraday low of $1923.