Gold prices off session highs as U.S. weekly jobless claims falls to 191K

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Gold prices off session highs as U.S. weekly jobless claims falls to 191K
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Gold prices off session highs as U.S. weekly jobless claims falls to 191K

Thursday, the U.S. Labor Department said weekly jobless claims fell by 1,000 to 191,000, down from the previous week's unrevised estimate of 192,000 claims.

The four-week moving average for new claims – often viewed as a more reliable measure of the labor market since it flattens week-to-week volatility – rose by 250 claims to 196,250, up from the previous week's unrevised average of 196,500.

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