The correlation between the unemployment rate and the price of gold is merely 0.15.

12 июн. 2024 г. · When unemployment rates rise, the Federal Reserve often expands the money supply and lowers interest rates, leading to upward pressure on gold prices.

12 июн. 2023 г. · In conclusion, the recent rise in unemployment claims has set off a cascade of events, leading to a weakening dollar and a strengthening of gold ...

Thus, the unemployment rate is negatively correlated to the gold price. This meant that when economic activity slows, the rate of unemployment increases and, ...

9 окт. 2024 г. · The stronger-than-expected employment data has shifted expectations around Federal Reserve rate cuts, leading to a dip in gold prices.

4 окт. 2024 г. · Gold falls as stronger US jobs data shrinks hopes of big Fed rate cut ... unemployment rate ticked lower even as participation stayed flat.

During 2008-2016 the price of gold increases by 4.7% for every 1% change in the unemployment rate, ceteris paribus. The short run adjustment process however, is ...

The correlation between the initial jobless claims and the price of gold is merely -0.08, so it's even lower than between the gold prices and the unemployment ...

10 окт. 2024 г. · Gold fell and then jumped Thursday as new US data said inflation is running hotter than expected, but so too are claims for jobless benefits ...

1 февр. 2024 г. · Gold prices gain after US jobless claims rise, market focus shifts to NFP · Spot gold was up 0.6% at $2,050.32 per ounce by 9:46 a.m. ET (1446 ...