Gold price: renewed profit-taking weighs on crisis protection

The gold price suffered a strong daily loss of 3.5 percent in the middle of the week and thus moved further away from the $ 2,000 mark.
The prospect of a smaller-than-expected US rescue package gave the dollar a marked recovery. After speculating about a volume of one to three trillion dollars so far, US President Trump now promised a package of just 500 billion dollars. Previously, the corona-related greenback had slipped to its lowest value in over two years. In the afternoon, the weekly initial US jobless claims (2:30 p.m.) could generate new momentum in one direction or the other. According to a survey of analysts published by Trading Economics, the number of new unemployed people is said to have fallen from 963,000 to 890,000. On Thursday morning, the gold price on the futures market presented itself with falling prices. By around 8:00 a.m. (CEST), the most actively traded future on gold (December) was reduced by 18.30 to 1,952.00 dollars per troy ounce.

Crude oil: demand concerns remain
The OPEC-plus countries want to maintain their discipline with regard to the agreed production cuts, but persistent concerns that Corona could slow down oil demand cannot be discussed away. In the afternoon, the players in the oil markets, in addition to the weekly initial applications for US unemployment benefits, should also watch the Philadelphia Fed’s economic outlook (2.30 p.m.) with hawk eyes. According to a survey of analysts published by Trading Economics, this is said to have decreased from 24.1 to 20.0 points.