Gold Holds Steady Despite “Good News” Headlines Every once in a while, the headlines tell you everything is fine—yet the markets behave like they know something the headlines don’t. That’s exactly what we’re seeing right now. Fresh economic data out of the U.S. shows the labor market still holding steady. Initial jobless claims came in at 213,000, slightly better than economists expected. On paper, that suggests the employment picture remains stable. Normally, strong labor data would pressure gold lower. But that’s not what happened. Instead, gold remained remarkably resilient, trading around $5,174 per ounce, barely moving after the report. Now, I’ve been around the markets long enough to know something important: when gold refuses to fall on “good” economic news,…
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