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Gold prices drop after US jobless claims exceed expectations, signaling labor market weakness

Market News
12 Nov 2026, 15:42 WIB
Kitco
View Source
Bearish
Gold prices drop after US jobless claims exceed expectations, signaling labor market weakness

Gold prices fell to session lows after US weekly jobless claims came in higher than expected at 200,000, above the forecast of 195,000. The increase in unemployment claims suggests some softness in the labor market, which influenced gold to decline by over 2% to $3,903.98 per ounce. The four-week moving average of claims also rose, reinforcing concerns about job market stability. This data may affect investor sentiment and gold's price direction in the near term.

Gold price movements provide context for readers. For those tracking US stocks on Pluang, 49 out of 150 priced stocks rose while 98 fell. Intel Corp (INTC) dropped 3.78% to USD 60.11 with a 24% sell order activity, United Microelectronics Corp (UMC) fell 3.73% to USD 15.48 with 7% sell orders, and Moderna, Inc. (MRNA) declined 3.69% to USD 239.52 with balanced buy/sell activity. This data is as of Nov 12, 2026 19:51 WIB.

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