Gold steady around $1825 per ounce

Published on Dec 30, 2022 12:24

Gold prices are somewhat flat on Friday after hitting $1827 levels in the previous session as dollar lost ground after data showed an increase in U.S. jobless claims. Data released by the Labor Department showed first-time claims for U.S. unemployment benefits rose by slightly more than expected in the week ended December 24th, moving up to 225,000, an increase of 9,000 from the previous week`s unrevised level of 216,000. However, dollar saw some recovery in early Asia from sharp plunge overnight that capped gains in the yellow metal. Currently, gold futures are trading at $1824.39 an ounce, down 0.12% on the day.