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U.S. jobless claims came in lower than expected, showing that the labor market is still holding up well. Fewer people filing for unemployment suggests layoffs remain limited, even as economic uncertainty lingers.
The data supports the idea of a gradual slowdown rather than a sharp drop in growth, keeping the Federal Reserve cautious on rate cuts for now. Overall, it’s another sign that the U.S. job market remains resilient.
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Trump has pulled back his threat to slap new tariffs on the EU, giving global markets a brief sigh of relief. After rising pressure from European leaders and businesses, the decision signals a pause in trade tensions—for now. While tariffs aren’t completely off the table, this step opens the door to talks instead of another trade fight.
Gold and silver have hit record highs as investors rush toward safe assets amid global uncertainty. Inflation concerns, central bank buying, and expectations of softer monetary policy have pushed gold higher, while silver is gaining from both safe-haven demand and its growing industrial use. The move highlights a clear shift toward stability in uneasy markets.