{"id":134333,"date":"2024-10-11T08:51:29","date_gmt":"2024-10-11T08:51:29","guid":{"rendered":"https:\/\/kinesis.money\/?p=134333"},"modified":"2024-10-11T08:51:32","modified_gmt":"2024-10-11T08:51:32","slug":"gold-price-stable-us-jobs","status":"publish","type":"post","link":"https:\/\/kinesis.money\/pt-br\/market-analysis\/gold-news\/gold-price-stable-us-jobs\/","title":{"rendered":"Gold Price News: Gold Stabilises After US Jobless Figures"},"content":{"rendered":"\n<p>Gold prices moved a little higher on Thursday, with the market showing signs of stability after coming under downward pressure earlier in the week.<\/p>\n\n\n\n<p>Prices crept higher to $2,630 an ounce by Thursday afternoon, compared with around $2,610 an ounce in late trades on Wednesday. The relative strength came after prices fell sharply earlier in the week, with Tuesday seeing prices fall from $2,652 to $2,605 an ounce.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img width=\"863\" height=\"522\" src=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/10\/image-37.png\" alt=\"gold price kau chart from kinesis exchange\" class=\"wp-image-134350\" srcset=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/10\/image-37.png 863w, https:\/\/kinesis.money\/wp-content\/uploads\/2024\/10\/image-37-300x181.png 300w, https:\/\/kinesis.money\/wp-content\/uploads\/2024\/10\/image-37-150x91.png 150w, https:\/\/kinesis.money\/wp-content\/uploads\/2024\/10\/image-37-768x465.png 768w\" sizes=\"(max-width: 863px) 100vw, 863px\" \/><figcaption class=\"wp-element-caption\">KAU\/USD 1-hourly Kinesis Exchange<\/figcaption><\/figure>\n<\/div>\n\n\n<p>US initial jobless claims figures on Thursday showed an increase of 258,000 in the week to October 5, above market expectations of 230,000. More people claiming unemployment benefits suggests a weaker labour market, lending further weight to calls for lower borrowing costs, boosting gold.<\/p>\n\n\n\n<p>However, US inflation and core inflation figures also came out on Thursday showing readings slightly above market expectations for September, on a month-on-month and year-on-year basis. Other things being equal, higher US inflation figures indicate a lower chance that the US Fed will cut interest rates further, in a move that is generally bearish for non-interest-bearing gold.<\/p>\n\n\n\n<p>On the technical charts, gold\u2019s three-month uptrend suggests any significant downside moves from here could encounter support at around the $2,500 an ounce level. This level is further strengthened by indicative support at around $2,485 an ounce, based on horizontal support linked to gold\u2019s lows in early September.<\/p>\n\n\n\n<p>Looking ahead, the markets will be watching out for Friday\u2019s US producer price inflation figures for September, for further insight into the path forward for interest rates.<\/p>\n\n\n\t\t\t<section class=\"ktp-block ktp2_0-block\">\n\t\t\t<div class=\"\">\n\t\t\t\t<div class=\"ktp-container\">\n\t\t\t\t\t<div class=\"ktp-grid\">\n\t\t\t\t\t\t<div class=\"col-span-4 md:col-span-8 lg:col-span-10 lg:col-start-2  pb-4\">\n\t\t\t\t\t\t\t<div class=\"p-container body-2xs neutral text-brand-primary-midnight-275 \">\n\t\t\t\t\t\t\t\t<p><em><a href=\"https:\/\/kinesis.money\/author\/frankwatson\/\" rel=\"noopener\">Frank\u2019s experience<\/a> covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em><em>He has worked as a senior editor for S&amp;P Global Commodity Insights\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n<p><i data-stringify-type=\"italic\">This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i><br \/>\n<i data-stringify-type=\"italic\"><\/i><\/p>\n<p><i data-stringify-type=\"italic\">Read our Editorial Guidelines\u00a0<\/i><i data-stringify-type=\"italic\"><a class=\"c-link\" href=\"https:\/\/kinesis.money\/editorial-guidelines\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/kinesis.money\/editorial-guidelines\/\" data-sk=\"tooltip_parent\">here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"<p>Gold prices moved a little higher on Thursday, with the market showing signs of stability after coming under downward pressure earlier in the week. Prices crept higher to $2,630 an ounce by Thursday afternoon, compared with around $2,610 an ounce in late trades on Wednesday. The relative strength came after prices fell sharply earlier in [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":134365,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[215],"tags":[],"class_list":["post-134333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gold Price News: Gold Stabilises After US Jobless Figures | Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis&#039; gold price news analysis for today, Friday 11th of October 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"pt_BR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Price News: Gold Stabilises After US Jobless Figures\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis&#039; gold price news analysis for today, Friday 11th of October 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-stable-us-jobs\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-11T08:51:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-11T08:51:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/10\/gold-news-feature-gold-Gold-Stabilises-After-US-Jobless-Figures.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1058\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Frank Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"Discover Kinesis&#039; 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