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The number of people filing for unemployment benefits in the United States in the week ending March was 0.000, returning to the low since the beginning of the year, indicating that employment is stable and the job market is still strong. The number of U.S. jobless claims has remained below the important mark of 10,000 people for a consecutive week. This data indicates that the labor market situation is stable and may support the Federal Reserve to raise interest rates this year. Strong U.S. economic data caused the U.S. dollar index to hit a high in nearly two months.
The Federal Reserve Bank of Richmond Fed Lake said in a speech on Thursday that the full-year growth rate is expected to be close to . . Many Federal Reserves have previously warned that they may raise interest rates before the end of the year, putting pressure on gold prices.
The minutes of the European Central Bank’s monthly monetary policy meeting released on Thursday showed that members are determined to implement the asset purchase measures decided in the past and will take new measures if necessary. The Governing Council can adjust parameters at any time to achieve the desired results. scale. Earlier, Bloomberg quoted sources from the Eurozone Central Bank as saying that the European Central Bank would gradually wind down, but this was later denied. Many factors suggest that gold will be under further downward pressure as market speculative forces liquidate long positions.
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