Gold Slips Slightly After Jobs Report — But Don’t Be Fooled Gold prices were hovering near session lows after the latest U.S. labor data came out, but let’s be clear: this wasn’t some major breakdown. Spot gold was last trading around $4,480 per ounce, down a modest 0.09% on the day. That move came after the Labor Department reported that initial jobless claims fell to 214,000, lower than economists expected. Wall Street took that as “good news,” which briefly strengthened the dollar and pressured gold. I’ve been around these markets long enough to tell you — this kind of knee-jerk reaction happens every single cycle. The Headline Number Wall Street Wants You to See According to the report: Initial jobless…
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