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Gold prices drop over 1% as steady US jobless claims hint at possible Fed rate hike.

Market News
10 Sep 2026
Kitco
View Source
Bearish
Gold prices drop over 1% as steady US jobless claims hint at possible Fed rate hike.

Gold prices fell more than 1% after US data showed initial jobless claims steady at 206,000, indicating a stable labor market. This stability suggests the Federal Reserve may feel confident to raise interest rates in its upcoming policy meeting. The steady labor market data reduces concerns about economic weakness, putting pressure on gold prices to decline. Investors will watch closely for the Fed's decision next week for further market direction.

More News

Flip Electronics partners with Littelfuse to distribute obsolete and end-of-life electronic components.

Flip Electronics partners with Littelfuse to distribute obsolete and end-of-life electronic components.

Flip Electronics has signed an authorized distribution agreement with Littelfuse to supply a wide range of Littelfuse's end-of-life, obsolete, aged, and excess electronic components. This partnership aims to support industries like industrial, milita...

Company Fundamentals
Bullish
4 hours ago
Purepoint Uranium hits high-grade uranium at Nova in 2026 drilling program

Purepoint Uranium hits high-grade uranium at Nova in 2026 drilling program

Purepoint Uranium Group reported strong assay results from its 2026 winter drilling at the Nova Target, part of the Dorado Joint Venture with IsoEnergy. The highlight was a high-grade uranium intercept of 1.65% U₃O₈ over 0.3 metres at 390.4 metres de...

Market News
Bullish
4 hours ago
Apple shares dip seen as buying opportunity due to strong hardware and high-margin services growth.

Apple shares dip seen as buying opportunity due to strong hardware and high-margin services growth.

Apple shares recently dropped nearly 3%, prompting one investor to buy more, viewing the dip as a chance to invest in Apple's unique dual business model. Apple excels by selling popular hardware like iPhones and then generating high-margin recurring ...

Market News
Bullish
4 hours ago
Marubeni Corp seen as a buy with potential valuation gains from improved capital returns and credit upgrades

Marubeni Corp seen as a buy with potential valuation gains from improved capital returns and credit upgrades

Marubeni Corporation is recommended as a buy due to its efforts to improve returns on invested capital (ROIC) and reduce its weighted average cost of capital (WACC). The company is focusing on high-ROIC strategic businesses and applying stricter eval...

Analyst Insights
Bullish
4 hours ago
Intel keeps Buy rating as AI demand boosts revenue and $22.6B equity funds new chip plants without debt.

Intel keeps Buy rating as AI demand boosts revenue and $22.6B equity funds new chip plants without debt.

Intel Corporation maintains a Buy rating due to strong AI-driven demand securing multi-year supply deals and providing revenue visibility. The company raised $22.6 billion through equity, avoiding additional debt and fully funding new fabrication pla...

Analyst Insights
Bullish
4 hours ago
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