US Jobless Claims Fall to 208,000 as Gold Slips 0.93% Near $4,023
Updated
Updated · Kitco NEWS · Jul 16
US Jobless Claims Fall to 208,000 as Gold Slips 0.93% Near $4,023
3 articles · Updated · Kitco NEWS · Jul 16
Summary
208,000 Americans filed new unemployment claims in the week ended July 11, beating forecasts of 217,000 and signaling firmer labor-market conditions.
Gold traded near session lows after the data, with spot bullion last down 0.93% at $4,022.95 an ounce.
214,250 was the four-week average of new claims, below the 216,000 estimate, while the prior week's claims figure was revised up to 216,000 from 215,000.
1.805 million continuing claims for the week ended July 4 also came in below expectations of 1.820 million, reinforcing the picture of limited layoffs and a resilient jobs market.