US JOBLESS CLAIMS SPIKE! $XAU VOLATILE

Initial jobless claims surged to 227,000 for the week ending February 7. This beats the forecast of 222,000. The labor market is showing signs of cooling. This data is seen as positive for the Fed's inflation fight. However, the figure is down from the prior week, indicating resilience. Mixed signals are causing major swings in the $DXY. Prepare for a wild ride.

This is not financial advice.

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