Although we’ve been seeing some positive forward-movement in the U.S labor market, the price of gold is still holding steady, much to the benefit of the gold bulls. Now is your opportunity to invest in gold, buy now.
The pandemic has seen many changes in the number of jobless claims in the country, but a new low has been hit in the past week as the U.S Labor Department released latest figures. Weekly jobless claims have dropped by 14,000 to 269,000, a figure that has slightly beat many of the expectations held by economists, who had initially thought that this week’s figures were going to be closer to 273,000 claims.
Even before these latest figures were released, we’ve seen the value of gold hold steady and continue to make solid gains. However, the initial reactions to these new jobless figures have been successful in pushing the precious metal higher.
Based on current figures, December gold futures last traded at $1,789.50 an ounce, which was an increase of 1.45% on the day.
These promising figures are proving gold to be a very attractive investment for the gold bulls, as well as other investors. As interest sets to increase further, we expect to see more and more people up their stakes in gold. Take advantage of this opportunity before prices start to take off and buy now.
Act fast and buy gold now so you don’t miss out on this lucrative investment opportunity.