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

Gold surged early Thursday, reclaiming about $4,100 after US labor-market data showed fewer Americans filed for unemployment benefits than economists expected. The upside move suggests markets are repricing the near-term rate outlook on stronger employment prints.

Analysis

Gold surged early Thursday, reclaiming about $4,100 after US labor-market data showed fewer Americans filed for unemployment benefits than economists expected. The upside move suggests markets are repricing the near-term rate outlook on stronger employment prints.