Speculators Turn Long Dollars in Latest Week; Highest Since Mid-Sept - Cftc, Reuters
SPECULATORS TURN LONG DOLLARS IN LATEST WEEK; HIGHEST SINCE MID-SEPT - CFTC, REUTERS news.instaforex.com »
Week - Последние новости [ Фото в новостях ] | |
SPECULATORS TURN LONG DOLLARS IN LATEST WEEK; HIGHEST SINCE MID-SEPT - CFTC, REUTERS news.instaforex.com »
The U. S. jobless claims dropped to 292,000 the week ended September 7th from 323,000 in the previous week. Economists expected claims to increase to 330,000 in the week. news.instaforex.com »
All times is GMT. WEDNESDAY, AUG. 21 0830 - UK PUBLIC SECTOR BORROWINGS FOR JULY UK PSNB (ex-fin. int. ) forecast at -2. news.instaforex.com »
The tapering would support a rise in interest rates and bolster the dollar, reducing gold's attractiveness.
Spot gold touched a low of $1,267.29 an ounce earlier as the dollar's rebound strengthened, briefly curbing its biggest weekly climb since October 2011 to a best performance in 11 weeks. It was trading down 0.4 percent at $1,279.80 by 1349 GMT. Analysts said the metal now faces strong resistance crossing the $1,300 level.
Comex gold futures for August delivery also retreated from a two-and-a-half week high near $1,300 hit in the previous session to $1,278.70 an ounce, down $1.20.
Holdings of the world's largest gold-backed exchange-traded fund SPDR Gold Trust GLD remained unchanged at four-and-a-half year lows of 30.192 million ounces on Thursday. The fund posted the biggest weekly loss of 2.6 percent since the end of April.
Silver fell 1.3 percent to $19.83 an ounce, having reached a three-week high of $20.26 on Thursday. Platinum was down 0.5 percent to $1,397.99 an ounce after hitting a three-week high of $1,414.75 earlier. Palladium slipped 0.1 percent to $715.50 an ounce.
U.S. Initial Jobless Claims Rise To 354,000 In Week Ended 6/15
In an upbeat sign for the labor market, first-time claims for U.S. unemployment benefits fell by much more than anticipated in the week ended February 9th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims fell to 341,000, a decrease of 27,000 from the previous week's revised figure of 368,000. Economists had expected jobless claims to edge down to 360,000 from the 366,000 originally reported for the previous week.
With the data for the previous week downwardly revised, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits saw a modest increase in the week ended January 5th.
The report showed that initial jobless claims rose to 371,000, an increase of 4,000 from the previous week's revised figure of 367,000.
Economists had expected jobless claims to drop to 362,000 from the 372,000 originally reported for the previous week.