Gold prices holding gains as U.S. weekly jobless claims falls further to 183K
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The latest labor market data beat expectations. According to consensus forecasts, economists were expecting to see jobless claims rise at a faster pace to 196,000. Although the Fed said it is committed to maintaining its aggressively restrictive monetary policy, central bank head, Jerome Powell said that signs of disinflation are start to emerge. Markets have taken these comments to mean the U.S. central bank remains on track to end its tightening cycle in March.
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