Job numbers for January from the Bureau of Labor Statistics indicated the nation’s unemployment level is about 6.3%. However, the Federal Reserve Chairman said after misclassification errors are factored in, the real unemployment rate is closer to 10%.
WASHINGTON (dpa-AFX) - Gold futures settled lower on Thursday, sliding after four successive days of gains, as the dollar recovered after initial weakness amid a rise in U.S. yields.The dollar
GMT. U.S. gold futures gained 0.2% to $1,840.40. The dollar fell to an over one-week low in the
previous session. A weaker dollar makes commodities priced in
the greenback more affordable for holders of other currencies. U.S. President Joe Biden said on Tuesday he agreed with a
proposal by Democratic lawmakers that would limit or phase out
stimulus payments to higher-income individuals as part of his
$1.9 trillion coronavirus relief bill. U.S. layoffs eased in December and job openings increased
modestly, suggesting the decline in employment was largely due
to companies cutting back on hiring amid uncertainty caused by a