gold prices holding above $4,100 as weekly jobless claims rise by 189k

Impact · against what's priced in

Stronger-than-expected jobless claims data increases the likelihood of a December Fed rate hike, creating headwinds for interest-rate-sensitive assets and gold. The market's focus now shifts to Friday's Nonfarm Payrolls report as the primary catalyst for whether gold breaks the $4,100 support level.

Scored by the NIS engine · methodology.

gold prices holding above $4,100 as weekly jobless claims rise by 189k

nonfarm payrollsNew
inflation
rates
fed
gold
jobless claims
labor market
precious metals

Top 1 mover · tap to explore

gold prices holding above $4,100 as weekly jobless claims rise by 189k

What matters in this story

Fed's Hammack favors gradual rate-hike path to lower inflation

gold prices holding above $4,100 as weekly jobless claims rise by 189k

What matters in this story

Fed's Hammack favors gradual rate-hike path to lower inflation

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gold prices holding above $4,100 as weekly jobless claims rise by 189k

What matters in this story

Next reads from the same story arc

Fed's Hammack favors gradual rate-hike path to lower inflation

gold prices holding above $4,100 as weekly jobless claims rise by 189k

What matters in this story

Next reads from the same story arc

Fed's Hammack favors gradual rate-hike path to lower inflation

Track these names every morning.

The BOE Hasn't Hiked Rates Since the Iran War Started. Why That's About to Change.

BofA's Cabana Says It's Premature to Call End to Fed's Hiking Cycle

The Week Ahead: Inflation Data on Deck as Earnings Slow

US Jobless Claims Fall Below Estimates to 189,000