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

Spot gold prices rose above $4,100 per ounce on Thursday morning. This move followed Labor Department data showing initial unemployment claims at 215,000 for the week ending June 27. The figure came in below the consensus estimate of 220,000 claims.

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What changed

Spot gold rose to $4,116.72 per ounce, surpassing the previously reported $4,250.42 level mentioned in earlier reports.

Live updates

  1. Spot Gold Reclaims $4,100 After U.S. Jobless Claims Hit 215,000

    Spot gold prices rose above $4,100 per ounce on Thursday morning. This move followed Labor Department data showing initial unemployment claims at 215,000 for the week ending June 27. The figure came in below the consensus estimate of 220,000 claims.

    What's confirmed:

    • Initial claims for state unemployment benefits were seasonally adjusted at 215,000 for the week ending June 27.
    • Spot gold traded at $4,116.72 per ounce on Thursday morning.
    • Consensus estimates had forecasted 220,000 unemployment claims.
    • The four-week moving average for new claims was 222,000 against expectations of 220,500.

    Still unconfirmed:

    • Weaker-than-expected U.S. jobs data reinforced bets that the Federal Reserve will stay on hold or ease sooner than expected.
    confidence 90%

  2. Spot gold hits $4,250.42 as U.S. jobless claims fall to 226,000

    Spot gold reached $4,250.42 per ounce on Thursday after rebounding from a $4,240.07 low. The price move followed Labor Department data showing 226,000 initial unemployment claims. Recent hiring has increased following a poor 2025.

    What's confirmed:

    • Spot gold traded at $4,250.42 per ounce on Thursday.
    • U.S. initial unemployment claims reached 226,000.
    • Gold prices recovered from a low of $4,240.07.

    Still unconfirmed:

    • Gold is on track for a third consecutive weekly decline due to a strong dollar and hawkish Federal Reserve signals.
    • Hiring has increased recently after a poor 2025.
    • Layoffs continue to stay within a historically low range.
    confidence 90%

  3. Spot Gold Holds $4,250 Following U.S. Jobless Claims Data

    Spot gold traded at $4,250.42 per ounce on Thursday. Prices recovered from a low of $4,240.07 after Labor Department data showed 226,000 initial unemployment claims. This figure matched economist expectations of 225,000.

    What's confirmed:

    • Spot gold reached $4,250.42 per ounce on Thursday.
    • Initial unemployment claims for the week ending June 13 were 226,000.
    • The jobless claims figure aligned with economist forecasts of 225,000.

    Still unconfirmed:

    • The Federal Reserve signaled a potential rate hike in 2026.
    • A rally in the US Dollar Index followed Federal Reserve signals.
    confidence 90%

  4. Spot gold at $4,250/oz as U.S. jobless claims fall to 226,000

    Spot gold traded at $4,250.42 per ounce on Thursday, recovering from a session low of $4,240.07. The movement follows Labor Department data showing 226,000 initial unemployment claims for the week ending June 13. This figure aligned with economist forecasts of 225,000.

    What's confirmed:

    • Initial claims for state unemployment benefits were 226,000 for the week ending June 13.
    • The previous week's jobless claims figure was revised to 230,000 from 229,000.
    • Spot gold last traded at $4,250.42 per ounce.
    • The four-week moving average for new claims was 223,250.
    • Continuing jobless claims were 1.810 million for the week ending June 6.

    Still unconfirmed:

    • U.S. initial jobless claims edged higher and were slightly above forecasts by Investing.com.
    • Weekly jobless claims remain elevated.
    confidence 95%