On Thursday morning, gold prices fluctuated near the intra-day low, following the release of labor market data that met expectations, with the number of initial unemployment claims matching economists' forecasts. Data released by the U.S. Department of Labor on Thursday showed that for the week ending March 21, the seasonally adjusted number of initial unemployment claims was 210,000. This figure was in complete agreement with expectations, as the market had generally anticipated 210,000. The previous week's data was 205,000, unadjusted. After the data was released at 8:30 AM, spot gold prices continued to fluctuate near the intra-day low of $4,412.44 per ounce, ultimately settling at $4,436.19 per ounce, down 1.57% on the daily chart.
PAXG
4,467.12
-0.74%
$XAU
XAUUSDT
Perp
4,458.92
-0.86%