The US economy is going 'gangbusters' like a busted as usual. Predictably Gold falls.
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Thursday February 18, 2021 08:38
Gold prices are holding steady in positive territory as the U.S. labor market continues to lose more momentum as more American workers than expected file for first-time unemployment benefits.
Thursday, the U.S. Labor Department said that weekly jobless claims rose by 13,000 to 861,000, up from the previous week's upwardly revised estimate of 848,000claims.
The latest labor market data missed economists' estimates as consensus forecasts called for initial claims to be around 775,000.
