Heavy Gold ETF Outflows Fail to Dent Price as US Stocks Cheer Jobs Data

Опубликовано: 05 Ноябрь 2024
на канале: BullionVault

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Gold Price News By Adrian Ash – Thursday 8th August 2024

The PRICE of GOLD rallied in London trade Thursday, halving this week's earlier $100 drop despite heavy outflows from the largest gold-backed ETF trust funds as global stock markets cut their rebound from Monday's crash but US equities opened the day higher.

"Stocks climb as jobs data quell economic jitters," says a headline on Bloomberg after new claims for US unemployment benefit came in lower than expected on data for last week.

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