The writing has been on the wall for months—America’s economy is cracking, and gold is reaping the benefits. On Thursday, gold prices jumped 0.8%, hitting $2,716.91 per ounce, their highest level since December 12. U.S. gold futures climbed even higher, closing at $2,750.90—another sign that investors are waking up to the reality of a weakening U.S. dollar. So, what’s driving this latest surge? A trio of bad economic signals just landed: Jobless claims are up. The Labor Department reported that 217,000 Americans filed for unemployment benefits last week—more than analysts expected. That’s a red flag for the labor market. Inflation is cooling faster than expected. Core U.S. inflation in December ticked up just 0.2%, after four straight months of higher…
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