EL7.AI
CommoditiesMediumUpdated×2•Originally published 25 June 2026•Updated 26 June 2026•
1 min read

Spot gold tops $4,000/oz after US jobless claims fall

Gold bars stacked on a metal arch labeled 4,000 against a US flag map and jobless claims reports.

Key Facts

1Spot gold prices rose back above $4,000 per ounce on Thursday following the release of US labor market data.
2U.S. weekly jobless claims came in at 215,000, below economists' forecasts.

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.

The 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 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.