Spot gold at $4,250/oz after U.S. weekly jobless claims dip to 226k

Gold prices are rebounding modestly from recent lows after U.S. weekly unemployment claims came in line with economists' forecasts. The steady labor market reading offers little new macro surprise, keeping the move in gold largely technical and sentiment-driven rather than fundamentally decisive.

Analysis

Gold prices are rebounding modestly from recent lows after U.S. weekly unemployment claims came in line with economists' forecasts. The steady labor market reading offers little new macro surprise, keeping the move in gold largely technical and sentiment-driven rather than fundamentally decisive.