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Gold prices remain stable at a key resistance level as the U.S. labor market shows signs of stabilization. According to the U.S. Labor Department’s report on Thursday, weekly jobless claims rose by 2,000 to reach 230,000 in the week ending September 7, up from the revised figure of 228,000 from the previous week. The increase was in line with economist expectations.
Following the data release, gold prices showed modest gains without any significant surge in momentum.
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December gold futures were last trading at $2,556.90 per ounce, reflecting a 0.42% increase for the day.
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