Gold Declines Amid Stronger-Than-Expected U.S. Jobs Report
- Shipments from Switzerland to India and China surged in March
- Palladium retreats after hitting new record high on Wednesday
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Gold fell the most in more than a week as better-than-expected U.S. jobs data reduced its appeal as a safe haven.
Applications for state unemployment insurance unexpectedly plunged to a fresh pandemic low as the recovery gathers steam. Initial claims decreased by 39,000 to 547,000 in the week ended April 17, Labor Department data showed Thursday. Economists in a Bloomberg survey had forecast 610,000 in claims.