Weekly Jobless Claims Hold Steady as Labor Market Remains Resilient

U.S. weekly jobless claims remained steady at 207K last week, in line with economist expectations.

The gold market continues to hold support near $1,830, weighed down by high bond yields.

The 4-week moving average for jobless claims fell slightly to 208,750.

Continuing jobless claims dropped to 1.664 million in the week ending Sept. 23.

The Fed is monitoring the labor market closely as it decides when to relax its restrictive interest rate policy.