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Initial claims for state unemployment benefits increased by 9,000 to a seasonally adjusted 221,000 for the week ended March 30, the Labor Department said Thursday. According to some analysts gold’s price action is not surprising; the precious metal is seeing some technical selling pressure after hitting a fresh all-time high of $2,324.80 an ounce.
The advance number for seasonally adjusted insured unemployment during the week ending March 23 was 1.791, a decrease of 19,000 from the previous week's revised.
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