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Gold prices steady after US jobless claims fall below expectations

Market News
08 Oct 2026
Kitco
View Source
Bullish
Gold prices steady after US jobless claims fall below expectations

Gold prices remained steady near the middle of their daily range after US weekly jobless claims came in lower than expected at 197,000, below the forecasted 200,000. The four-week moving average of claims held steady at 198,000, indicating a stable labor market. Continuing claims slightly exceeded expectations but remained near previous levels. This data suggests a resilient US labor market, which can influence gold demand as investors weigh economic strength against inflation concerns.

Gold prices and U.S. weekly jobless claims provide context for market sentiment. For readers following US stocks on Pluang as of Oct 08, 2026 18:43 WIB: out of 150 priced US stocks, 40 rose and 107 fell. Notable movers include PLTR at USD 199.33 (+2.73%), UAL at USD 107.20 (-2.70%), and DVN at USD 49.15 (+2.65%). Typical hold times range from 46 to 135 days, with PLTR showing a nearly balanced buy/sell order activity.

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