Another week passed, and the number of jobless claims increased further. That was clearly not expected by the Fed, as the recent minutes shows. What does it all mean for the gold market? Initial jobless claims have become one the most important data about the US economy these days. So, let's take a look at the chart below, which offers the updated graph revealing the number of new claims for unemployment benefits. As one can see, in the week of March 28 to April 4, 6.6 millions of Americans applied for the unemployment benefit. As the chart shows, this is a lower number than the 6.9 million in the previous week. ... (full story)