Gold price holding on to solid gains as U.S. jobless claims falls to new pandemic low

(Kitco News) - The gold market is seeing a modest push higher, unfazed by steady positive momentum in U.S. labor market.

Thursday the U.S. Labor Department said that weekly jobless claims fell to a new pandemic low, dropping by 14,000 to 269,000. The previous week's estimate was revised up to 283,000 claims.

The latest labor market data slightly beat market expectations as economists were looking for a print of about 273,000 claims.