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Gold price at $4,370/oz after U.S. weekly jobless claims fall to 196k - KITCO

Source: KITCO

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DW NOTE

Gold at $4,370 with jobless claims at 196,000 — the lowest since March — means investors are pricing in recession risk while the labour market shows no sign of one. The Fed just hiked into a supply shock with unemployment near record lows. Either the jobs data breaks or the rate hikes do.

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