Gold prices dipped in the mid-day US session on Thursday as US Treasury yields rose following the release of weekly jobless claims data, while markets awaited US nonfarm payrolls figures for fresh insights into the Federal Reserve's stance on cutting interest rates.
The number of Americans filing new applications for unemployment benefits rose modestly last week, suggesting the labor market continues to cool steadily.
Investors' focus now turns to Friday's US nonfarm payrolls, which are likely to increase by 200,000 jobs in the month after rising by just 12,000 in October, for further clarity on the path of interest rates.
Source: newsmaker.id
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