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Gold price (XAU/USD) keeps a mild buying tone in Thursday’s early European session, with price action approaching the top of the last few days’ trading range.
(Reuters) -The number of Americans filing new claims for unemployment benefits edged down last week, signaling that layoffs remain low even as the still-strong job market shows some signs of cooling. Initial claims for state unemployment benefits fell 3,000 to a seasonally adjusted 217,000 for the week ended Nov. 4 from an upwardly revised 220,000 in the prior week, the Labor Department said on Thursday.
The Federal Reserve is expected to hold interest rates at their current 22-year high for a second consecutive meeting later today as the US economy continues to show resilience.
The Federal Reserve held interest rates at their current 22-year high for a second consecutive meeting.
Key inflation reports this week could clarify the path of future monetary policy.