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Gold futures end higher after record weekly U.S. jobless claims


Friday, 27 March 2020 00:50 WIB

EMAS


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Gold futures finished higher on Thursday, as record weekly U.S. jobless claims pressured the dollar.

Nearly 3.3 million Americans filed for unemployment benefits last week, "reflecting how badly the coronavirus is impacting the largest economy in the world," said Lukman Otunuga, senior market analyst at FXTM. "Gold is expected to ride higher on dollar weakness and fears over a global recession."

April gold rose $17.80, or 1.1%, to settle at $1,651.20 an ounce after losing about 1.7% Wednesday.

Source: Marketwatch


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