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The price of gold fell slightly and hit a new low in the week. The US dollar index was higher.

November 09, 2018 03:30
source: Eastern Fortune Network

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Eastern Fortune Network on the 9th, the US dollar index on Thursday, the US dollar index rose slightly, running above the 96 mark. Gold fell slightly, and the US market dropped to a low of $1220.8 per ounce. At the close, COMEX December gold futures closed down 0.3% at $1225.10 an ounce.

Economic data

According to data released by the US Department of Labor, the number of initial jobless claims in the US on November 3 was 214,000, with an expected 213,000. The previous value was revised from 214,000 to 215,000.

In the United States on October 27, the number of jobless claims for the week was 1.623 million, with an expected 1.34 million and a previous value of 1.631 million.

Analysts pointed out that the number of US initial jobless claims last week fell slightly by 1,000 to 214,000, slightly higher than market expectations, near historical lows, indicating that the job market remained strong. The average volatility of the first-time unemployment benefits fell by 250 to 21.375 million. In addition, the number of jobless claims for the week of October 27 fell by 8,000 to 1.62 million, the lowest level since July 1973.

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In the past October, gold and the US dollar once again showed a rare upswing: gold accumulated 1.88%, and the US dollar index traded at 97.116, an increase of 2.08%.

  The anxiety of the chaotic market, the dollar and the gold have one party to leave first

In October, in the context of rising risk aversion in the international market, gold and the US dollar have continued to rise for the same month. The negative correlation between the two has increased significantly in the near future. Who will eventually go out first and what factors need to be paid attention to in the future?

                (Editor: DF353)

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