Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Spot gold trades at $4,976/oz after U.S. weekly jobless claims drop to 206k

Spot gold trades at $4,976/oz after U.S. weekly jobless claims drop to 206k

101 finance101 finance2026/02/19 13:42
By:101 finance

(Kitco News) - Gold prices were holding in positive territory following the release of better-than-expected labor market data after the number of Americans filing new claims for unemployment benefits was lower than economists’ forecasts.

Initial claims for state unemployment benefits came in at seasonally adjusted 206,000 for the week ending February 14, the Labor Department announced on Thursday. The number was lower than expectations, as consensus estimates forecasted a reading of 225,000 claims. The previous week’s figure was revised up to 229,000. 

Spot gold was carving out a new elevated daily range between $4,976 and $5,020 on Thursday morning, and last traded at $4,990.73 per ounce for a gain of 0.27% on the session.

Meanwhile, 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 – came in at 219,000 following the previous week's revised average of 220,000, and against expectations for 214,000.

Continuing jobless claims, which represent the number of people already receiving benefits, were at 1.869 million during the week ending February 7, higher than the previous week’s revised 1.852 million level and the 1.860 million expected.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

SUI Recovery Targets $1 Reclaim Before Next Rally

Cryptonewsland•2026/09/25 17:51

U.S. stocks opened higher and fluctuated, the Japanese yen rebounded more than 1% intraday, 10-year U.S. Treasury yields broke above 5.22% again, and U.S. crude oil once fell nearly 3%.

After the release of U.S. consumer confidence data, the S&P and Nasdaq turned negative, while the Dow is poised to break a three-day losing streak but is set for a fourth consecutive weekly decline. Meta pulled back, falling more than 3% during the session. The U.S. 10-year Treasury yield surpassed 5.22% again, marking a new high for the third day in a row since 2007, while the 30-year yield reached its highest level since 2004. The yen/dollar pair surged 1.2% intraday, as Japanese and U.S. officials successively signaled concerns over the weak yen. Expectations for a diplomatic resolution between the U.S. and Iran are rising, halting crude oil's two-day climb.

华尔街见闻•2026/09/25 16:36

US Treasury volatility surges, triggering alarms! BofA’s Hartnett warns of rising deleveraging risks as higher yields become main threat to the market

Bank of America strategist Michael Hartnett warns that the recent sharp rise in volatility in the US bond market is increasing the risk of broader deleveraging in financial markets.

智通财经•2026/09/25 15:36