Spot gold at $4,513/oz after U.S. weekly jobless claims drop to 209k

Gold prices edged higher off recent lows after weekly U.S. initial jobless claims came in line with economists' forecasts. The labor market data was broadly neutral, offering little surprise for rates expectations and modest support for bullion.

Analysis

Gold prices edged higher off recent lows after weekly U.S. initial jobless claims came in line with economists' forecasts. The labor market data was broadly neutral, offering little surprise for rates expectations and modest support for bullion.