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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a development highlighting the resilience of the US labor market amid economic uncertainty, spot gold prices surged above $4,000 per ounce on Thursday following the release of weekly jobless claims data. According to Kitco, the US Department of Labor reported claims at 215,000, below economists’ forecasts of 225,000.
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Sign InThe rally in gold came despite the fact that strong labor data is typically bearish for the precious metal, as traders focused on the economy's underlying strength. Gold has seen increased volatility in recent sessions as markets await further inflation data and central bank decisions.
As of the close on June 25, 2026, spot gold held near $4,000 per ounce, with markets now eyeing a speech by Fed Governor Christopher Waller on Monday for rate-path clues. The upcoming weekly jobless claims release will also be closely watched to confirm the labor market's momentum.