Thursday, the U.S. Labor Department said that weekly jobless claims fell by 10,000 to 230,000, down from the previous week's revised estimate of 240,000 claims.
The latest labor market data was better than expected. According to consensus forecasts, economists were expecting to see jobless claims hold steady around 239,000. The gold market is seeing some muted reaction to the positive labor market data. December gold futures last traded at $1,942.10 an ounce, down 0.31% on the day.
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