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Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.
The four-week moving average for new claims – often viewed as a more reliable measure of the labor market since it flattens week-to-week volatility – rose to 211,000, down from the previous week's revised average of 211,750. The Federal Reserve has said that it would like to see some more slack in the labor market before it is confident that inflation will move back to its 2% target.
– Gold investors were back in a buying mood after gold set another all-time high yesterday, but the underperformance of the gold miners amidst this multi-month rally has puzzled market experts. Now, with gold mining stocks finally seeing a sustained move higher in March, investors are wondering if the tide has finally turned or if this will be another in a long string of disappointments. - The U.S.
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