The Department of Labor released its weekly jobless claims report at 8:30 a.m. ET on Thursday.
Spot gold was up 0.4% at $1,960.29 per ounce by 0044 GMT. U.S. gold futures eased 0.2% to $1,967.50 per ounce. Data out of the United States on Thursday showed jobless claims dropped below one million last week for the first time since the start of the COVID-19 pandemic, although at least 28 million people are still receiving unemployment checks, indicating a weak labour market.
Our goal is to share with you our expectations for Gold and Silver near the end of 2020 and out into early 2021.