The UK jobless rate eased unexpectedly to the lowest since 1974 and more people dropped out of workforce making it difficult for businesses to find employees to fill vacancies, official data showed Tuesday. The jobless rate fell to 3.5 percent in three months to August from 3.6 percent in three months to July, the Office for National Statistics reported. more...
Gold remains a US interest rate play for now with rising US Treasury yields sending the precious metal lower after a robust US Jobs Report. The weekly price is on ranging near and around 200 SMA for the bearish trend to be reversed if the price breaks Fibo support level at 1614 to below or for the bullish trend to be resumed in case of the price breaks resistance level at 1788 to above. more...
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