{"id":1284,"date":"2026-08-13T16:02:26","date_gmt":"2026-08-13T16:02:26","guid":{"rendered":"https:\/\/goontrading.com\/en\/spot-gold-approaches-4400-oz-after-u-s-weekly-jobless-claims-rise-to-209k\/"},"modified":"2026-08-13T16:02:26","modified_gmt":"2026-08-13T16:02:26","slug":"spot-gold-approaches-4400-oz-after-u-s-weekly-jobless-claims-rise-to-209k","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/spot-gold-approaches-4400-oz-after-u-s-weekly-jobless-claims-rise-to-209k\/","title":{"rendered":"Spot gold approaches $4,400\/oz after U.S. weekly jobless claims\u00a0rise\u00a0to\u00a0209k"},"content":{"rendered":"<p>\u26a1 <b data-path-to-node=\"4,0,1\" data-index-in-node=\"2\">Trade with Ultra-Low Spreads on IC Markets!<\/b> \u2794 <a href=\"https:\/\/ic.com\/?camp=28736\" target=\"_blank\" rel=\"nofollow noopener\"><code data-path-to-node=\"4,0,1\" data-index-in-node=\"48\">[Link]<\/code><\/a><\/p>\n<p>\ud83c\udf81 <b data-path-to-node=\"8,0,1\" data-index-in-node=\"3\">Get Your Exclusive XM Deposit Bonus Now!<\/b> \u2794 <a href=\"https:\/\/clicks.pipaffiliates.com\/c?c=423232&amp;l=vi&amp;p=6\" target=\"_blank\" rel=\"nofollow noopener\"><code data-path-to-node=\"8,0,1\" data-index-in-node=\"46\">[Link]<\/code><\/a><\/p>\n<p>\ud83d\udca1 <b data-path-to-node=\"12,1,1\" data-index-in-node=\"3\">Master the Markets with FXTM Copy Trading<\/b> \u2794 <a href=\"http:\/\/www.fxtm.com\/en\/learn\/copy-trading\/?form=JeWL\" target=\"_blank\" rel=\"nofollow noopener\"><code data-path-to-node=\"12,1,1\" data-index-in-node=\"47\">[Link]<\/code><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"Spot gold approaches $4,400\/oz after U.S. weekly jobless claims\u00a0rise\u00a0to\u00a0209k teaser image\" width=\"1340\" height=\"756\" data-nimg=\"1\" class=\"rounded-lg object-contain w-full h-auto\" style=\"color:transparent\" src=\"https:\/\/goontrading.com\/en\/wp-content\/uploads\/sites\/3\/2026\/08\/f4ab4a7f-78c8-4293-be58-927febd605b8.webp\" title=\"f4ab4a7f-78c8-4293-be58-927febd605b8\"><\/p>\n<div class=\"relative text-base article-alias_articleBodyStyles__zkPMo article-alias_articleWrapper__atgO6\" id=\"articleBody\">\n<p>(Kitco News) &#8211;\u00a0Gold prices are getting closer to the $4,400 per ounce level on Thursday morning following the release of\u00a0worse than expected\u00a0labor market data after the number of Americans filing new claims for unemployment benefits came in\u00a0above\u00a0economists\u2019 forecasts.<\/p>\n<p dir=\"ltr\">Initial claims for state unemployment benefits came in at seasonally adjusted\u00a0209,000 for the week ending August 8, the Labor Department announced on Thursday. The number was\u00a0above\u00a0expectations, as consensus estimates forecasted a reading of 202,000 claims. The previous week\u2019s figure was revised to 200,000 from 199,000.\u00a0<\/p>\n<p dir=\"ltr\">Spot gold was attempting to reclaim $4,400 per ounce\u00a0shortly after the 8:30 am ET data release, which came out at the same time as July PPI, and last traded at $4,395.10 per ounce for a\u00a0loss\u00a0of 0.31% on the daily chart.<\/p>\n<p><span data-rmiz=\"\"><span data-rmiz-content=\"not-found\"><img decoding=\"async\" alt=\"article image\" loading=\"lazy\" width=\"600\" height=\"300\" data-nimg=\"1\" class=\"rounded-lg preview-image mb-2.5 block w-full h-auto\" style=\"color:transparent\" src=\"https:\/\/goontrading.com\/en\/wp-content\/uploads\/sites\/3\/2026\/08\/8dc94305-d2ac-41ff-aae5-2fcf3a28980a.png\" title=\"8dc94305-d2ac-41ff-aae5-2fcf3a28980a\"><\/span><\/span><\/p>\n<p dir=\"ltr\">Meanwhile, the four-week moving average for new claims \u2013 often viewed as a more reliable measure of the labor market since it flattens week-to-week volatility \u2013 came in at\u00a0199,000 against expectations for 197,000 and following the previous week\u2019s 199,000 level.<\/p>\n<p dir=\"ltr\">Continuing jobless claims, which represent the number of people already receiving benefits, were at\u00a01.777 million during the week ending August 1 against expectations for 1.800, and following the previous week\u2019s\u00a0downwardly revised 1.799 million level.<\/p>\n<\/div>\n<p style=\"text-align: right\">Kitco.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u26a1 Trade with Ultra-Low Spreads on IC Markets! \u2794 [Link] \ud83c\udf81 Get Your Exclusive XM Deposit Bonus Now! \u2794 [Link] \ud83d\udca1 Master the Markets with FXTM Copy Trading \u2794 [Link] (Kitco News) &#8211;\u00a0Gold prices are getting closer to the $4,400 per ounce level on Thursday morning following the release of\u00a0worse than expected\u00a0labor market data after &hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1284","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/comments?post=1284"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1284\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=1284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=1284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=1284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}