- Analytics
- News and Tools
- Market News
- Gold traded higher after the release of the U.S. initial jobless claims
Gold traded higher after the release of the U.S. initial jobless claims
Gold traded higher after the release of the U.S. initial jobless claims. The number of initial jobless claims in the week ending August 01 in the U.S. rose by 3,000 to 270,000 from 267,000 in the previous week.
Analysts had expected the number of initial jobless claims to be 273,000.
Jobless claims remained below 300,000 the 22th straight week. This threshold is associated with the strengthening of the labour market.
Gold price is under pressure due to speculation that the Fed may start raising its interest rate soon.
Market participants are awaiting the release of the U.S. labour market data. Analysts expect that U.S. unemployment rate is expected to remain unchanged at 5.3% in July. The U.S. economy is expected to add 218,000 jobs in July, after adding 223,000 jobs in June.
October futures for gold on the COMEX today declined to 1090.00 dollars per ounce.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
