The United States has released unemployment claims data for December at 20:30 WIB. Unemployment claims reflect the number of individuals applying for unemployment benefits in the US.
The reported unemployment claims in the US came in at 220K, which is lower than the trading central forecast of 235K. Additionally, the GDP data for the US was reported at 3.1%, exceeding the forecast of 2.8%.
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The unemployment claims reported were lower than expected, usually indicating a stronger labor market. Investors often interpret this as a sign of economic resilience, boosting confidence in consumer spending and overall economic growth.
Following the release of this data, gold prices weakened further to $2,600 and may continue to decline. In contrast, the EURUSD currency pair rose, while GBPUSD fell again after the release of the BOE interest rate data.
