In the midst of rising US jobless claims, which have ascended to a concerning figure of 223K, there seems to be a persistent technical selling pressure on Gold. This correlation exhibits a distressing wave in economic currents.
Despite a resilient global economic recovery posture, the US unemployed figures are escalating, casting a shadow over the market dynamics. Gold often revered as an economic cushion is, however, experiencing a jolt. Experts hint at running technical selling pressure ranking among the prime causes of this downturn.
Overall, the limelight remains on the significance and interpretation of these intertwined events, while the market balances the hopeful recovery and imminent challenge. Read More
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