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Gold prices rise as US jobless claims fall below expectations, signaling strong labor market.

Market News
17 Sep 2026, 15:52 WIB
Kitco
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Bullish
Gold prices rise as US jobless claims fall below expectations, signaling strong labor market.

Gold prices climbed to session highs after US labor data showed fewer new unemployment claims than expected, with 196,000 claims reported versus the forecast of 208,000. This stronger labor market data supports economic resilience, boosting investor confidence in gold as a safe haven. The four-week average of claims also declined, reinforcing the positive employment trend. This data may influence future market moves and monetary policy considerations.

Gold prices at $4,370 per ounce provide context for this market snapshot. For readers following US stocks on Pluang as of Sep 17, 2026 18:51 WIB, 132 of 150 priced stocks rose while 18 fell. Notable movers include Applied Materials at USD 428.01 with a 3.04% gain and 94% buy order activity, Caterpillar at USD 806.22 up 3.00%, and Snap Inc at USD 5.88 rising 2.98%.

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