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Spot gold at $4,250/oz after U.S. weekly jobless claims dip to 226k
KITCO • • business
Key Points:
- Gold prices declined slightly on Thursday morning, with spot gold trading at $4,250.42 per ounce, down 0.17% for the day, following steady U.S. labor market data.
- Initial jobless claims for the week ending June 13 were reported at 226,000, closely matching economists' expectations of 225,000.
- The four-week moving average for new claims was 223,250, slightly above the forecasted 223,000, indicating stable but cautious labor market conditions.
- Continuing jobless claims rose to 1.810 million for the week ending June 6, slightly higher than the expected 1.800 million, after a previous downward revision.
