U.S. unemployment claims fell by 9,000 to 211,000 final week, the bottom stage since March. The four-week common fell to 223,250, reflecting robust job safety. The whole variety of Individuals receiving unemployment advantages fell by 52,000 to 1.84 million, the bottom since September. The US greenback rose inside its bullish development and broke above 109 after the discharge of employment claims knowledge. Nonetheless, Friday’s upcoming ISM manufacturing knowledge will present additional route for the US greenback. The market awaits non-farm payroll knowledge subsequent week, which can present additional clues to the coverage resolution in 2025. In the meantime, US Treasury yields stay robust and are approaching the important thing resistance zone of 4.64%–4.75%, whereas the markets are ready for the subsequent step.
Gold (XAU) Technical Evaluation
Golden every day chart – symmetrical triangle
The every day chart for gold exhibits the worth buying and selling inside a symmetrical triangle, ready for the subsequent route. The primary day of 2025 was robust, with the worth recovering from the triangle’s help. The value is difficult the 50-day SMA and appears robust. Nonetheless, additional upside potential requires a break above a symmetrical triangle. The RSI breaks by the mid-level as the worth approaches the 50-day SMA, indicating bullish momentum. A break above $2,720 is crucial to keep up the uptrend within the gold market.