Spot gold trades above $4,100/oz as U.S. weekly jobless claims hold at 215k

Gold is up after reclaiming $4,100 in Thursday morning trade, supported by better-than-expected U.S. labor market data. New jobless claims came in below economists’ forecasts, easing concerns and helping lift the precious-metal bid. The move suggests near-term sensitivity of gold to changing rate expectations.

Analysis

Gold is up after reclaiming $4,100 in Thursday morning trade, supported by better-than-expected U.S. labor market data. New jobless claims came in below economists’ forecasts, easing concerns and helping lift the precious-metal bid. The move suggests near-term sensitivity of gold to changing rate expectations.