US Jobless Claims Dip to 226,000 as Gold Holds Near $4,250
Updated
Updated · Kitco NEWS · Jun 18
US Jobless Claims Dip to 226,000 as Gold Holds Near $4,250
3 articles · Updated · Kitco NEWS · Jun 18
Summary
226,000 Americans filed new unemployment claims in the week ended June 13, matching forecasts and slipping from a revised 230,000 the week before.
223,250 was the four-week average, also close to expectations, reinforcing the picture of a still-steady labor market rather than a sharp cooling in hiring conditions.
1.810 million continuing claims for the week ended June 6 came in slightly above the 1.800 million estimate and up from a downwardly revised 1.786 million previously.
Gold briefly touched $4,240.07 after the data and last traded at $4,250.42 an ounce, down 0.17%, as the report gave markets little reason to rethink the labor outlook.