Markets

Gold approaches $4,600/oz after U.S. weekly jobless claims fall to 203k - KITCO

Source: KITCO

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DW NOTE

Gold is pricing the cost of holding dollars while the U.S. government runs a $1.9 trillion deficit and the Fed holds rates unchanged through a supply shock that's already taken 4.3 million barrels a day off the market. Jobless claims at 203k mean nothing when the currency those jobs pay in is being devalued by fiscal incontinence on autopilot.

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Gold approaches $4,600/oz after U.S. weekly jobless claims fall to 203k - KITCO

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