Gold price gold above $2,220 as weekly jobless claims continues to stabilize
(Kitco News) - The U.S. labor market continues to stabilize as the number of workers applying for first-time unemployment benefits remains roughly unchanged for the fourth consecutive week.Initial claims for state unemployment benefits dropped by 2,000 to a seasonally adjusted 210,000 for the week ended March 23, the Labor Department said Thursday. According to consensus estimates, economists had forecast 212,000 claims in the latest week. The previous week’s claims were revised up slightly to 212,000.
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Gold to hold the line near record highs for the rest of 2024 – Commerzbank
(Kitco News) - The gold market could see limited upside potential through the rest of 2024 as there is little to justify its recent record highs above $2,220 an ounce, according to commodity analysts at Commerzbank.
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How the US stock market rocketed through the first quarter
NEW YORK, March 28 (Reuters) - The U.S. stock market is off to a soaring start in 2024, as optimism over the economy and interest rate cuts has combined with exuberance about the business opportunity in artificial intelligence to stir up a potent cocktail for equities.