Spot gold trades at $2.554/oz after U.S. weekly jobless claims fall to 217k
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Spot gold is trading at $2.554/oz following a decrease in U.S. weekly jobless claims to 217k.
November 14, 2024 | 2:15 pm
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The price of spot gold is trading at $2.554/oz after a drop in U.S. weekly jobless claims to 217k, which could influence the value of AAAU, a gold-backed ETF.
AAAU is a gold-backed ETF, and its value is directly influenced by the price of gold. The decrease in jobless claims suggests economic strength, which can impact gold prices. As gold is trading at $2.554/oz, this could positively affect AAAU's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80