Fundamental Overview
Attention now shifts to US employment figures. Earlier on Thursday, the United States released Initial Jobless Claims for the week ended April 28, which rose by 242K, worse than anticipated. Also, Q1 Nonfarm Productivity declined by 2.7%, while Unit Labor Cost in the same period was up by 6.3%. Market players gear up for the April Nonfarm Payrolls (NFP) report on Friday. The US is anticipated to have added 179K new jobs in the month, while the Unemployment rate is foreseen at 3.5%, unchanged from March.
Gold Prediction Drops After NonFarm News
Plan trade in the intro ♥