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Fundamental Analysis
Jobless Claims Data
Posted by
6 August, 2013, 3:37 PM
Jobless claims data is a major data that releases in United States of America. A jobless claims are made by those people who are unemployed. New unemployed claims are compiled weekly to show the number of individuals who have filed for unemployment insurance for the first time.
It's impact on commodity market
An increase in jobless claims is positive for bullion (Gold & Silver) and negative for Crude and base Metals while decrease in jobless claims is negative for bullion and positive for base metals, Crude.
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