Skip to content
Subscriber Only

Gold Futures Drop as U.S. Jobless Claims Fall to Nine-Week Low

Updated on

Gold futures fell for the fourth time in five sessions as U.S. jobless claims dropped to a nine-week low, boosting speculation that the Federal Reserve will increase interest rates sooner than anticipated.

Silver, platinum and palladium also declined. Applications for unemployment benefits dropped by 20,000 to 268,000 in the week ended March 28, a government report showed Thursday.