Spot gold approaches $4,400/oz after U.S. weekly jobless claims rise to 209k - KITCO
Spot gold approaches $4,400/oz after U.S. weekly jobless claims rise to 209k - KITCO
Source: KITCO
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DW NOTE
Initial jobless claims of 209,000 represent a 12-year low — yet gold is climbing toward record highs. The labour market is not driving the rally. The driver is the Strait of Hormuz, closed for 166 days, plus inflation running 76% above the Fed's target with no policy response. Gold treats full employment under monetary debasement exactly as it should: as irrelevant.