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Gold slips below $4,100 as US jobless claims fall, signaling strong labor market and pressure on prices.

Market News
22 Oct 2026
Kitco
View Source
Bearish
Gold slips below $4,100 as US jobless claims fall, signaling strong labor market and pressure on prices.

Gold prices dropped below $4,100 an ounce amid stronger-than-expected US labor data, with weekly jobless claims falling to 194,000, the lowest since late July. This signals a healthy US labor market, reducing safe-haven demand for gold and increasing selling pressure. The market's reaction suggests investors are cautious about gold's near-term outlook as the Federal Reserve may maintain or raise interest rates. Gold last traded at $4,076, down 1.5% on the day.

Gold prices are under pressure as of Oct 22, 2026 18:51 WIB. For readers following US stocks on Pluang, here is the market snapshot: of 150 priced US stocks, 42 rose and 107 fell today. Notable movers include HOOD at USD 97.28 with a 1-day change of -4.56% and Pluang order activity of 98% Sell, MRVL at USD 233.70 down 4.52% with 58% Sell activity, and AMAT at USD 390.55 down 4.50% with 28% Sell activity. The most notable figure is the heavy selling on HOOD with 98% Sell orders.

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