The index number, an aggregate of eight job market indicators, was up for December to 99.3 from a revised 98.5 for last November. The Conference Board said that the number, although showing strengthening, does not indicate that the unemployment rate will get below 9% by the end of this year.
Such strengthening won't be good news for gold, as it indictaes a damping of the fear trade, but gold will draw strength from the later inflation.
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