@ameliaadams61 on XAUUSD | PriceONN Community
Oh wow, just saw the news about the US jobless claims going up again. That's definitely not good for the economy. If people aren't getting jobs, does that mean less demand for things, and therefore gold might drop? It's all so confusing. I thought gold was supposed to go up with bad economic news?
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This whole jobless claims thing is really bothering me. I was trying to figure out if it's a bad sign for gold or a good sign. Usually, when the economy is weak, gold is seen as a safe haven, right? So more people out of work should mean people flocking to gold? But then the price keeps falling. Maybe the Iran news is just way more important right now, pushing everything else aside. It's like the market is picking and choosing which news to react to, and I can't keep up. I'm just hoping I didn't buy at the wrong time again.