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Comex Gold climbs as US jobless claims risWith the number of individuals filing for initial jobless claims climbing by 7000 to a seasonally adjusted 343,000 last week, in US, gold futures advanced.

The termination of Quantitative Easing measures announced by the US Federal Reserve has been tethered to job market recovery in US. US Federal Reserve Chairman had clarified in a testimony this month that the continuation of QE measures would be dependent on incoming job and inflation data as well as housing data.

The claims have climbed which would prompt the Federal Open Market Committee to refrain from hitting the breaks on QE measures, markets believe. The measures involve a scheme to buy Mortgage Backed Securities and US Treasuries for an extended period of time. FOR FREE MCX TIPS  Forex Tips, Intraday Tips., Mcx gold tips, MCX Tips, NCDEX Tips, nifty free tips,Option tips, Share Market Tips, Share Tips, shares tips, Stock Tips