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Spot Gold Reclaims $4,500/oz as U.S. Weekly Jobless Claims Hit 225k, Beating Forecasts on Thursday

2026-06-04 17:53:39

According to U.S. Labor Department data announced on Thursday, initial jobless claims for the week ending May 30 came in at a seasonally adjusted 225,000, exceeding the consensus forecast of 213,000. In response, spot gold prices climbed above $4,500 per ounce, with the metal trading at $4,500.85 and up 1.49% on the day.

The four-week moving average for new claims reached 214,750 against expectations of 208,000. Continuing jobless claims stood at 1.777 million for the week ending May 23.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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