Spot gold shoots back above $4,000/oz after U.S. weekly jobless claims dip to 215k

Gold briefly moved back above $4,000 on Thursday morning after U.S. initial jobless claims came in below economists' forecasts. The better-than-expected labor market data was modestly supportive of the dollar and risk sentiment, but the article itself is a narrow market update rather than a broad catalyst.

Analysis

Gold briefly moved back above $4,000 on Thursday morning after U.S. initial jobless claims came in below economists' forecasts. The better-than-expected labor market data was modestly supportive of the dollar and risk sentiment, but the article itself is a narrow market update rather than a broad catalyst.