Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
30 May 2025 | Gold

Gold prices rose amid weaker dollar and higher-than-expected US unemployment claims

Gold/Euro
Gold/Silver Ratio
Gold
Gold prices rose amid weaker dollar and higher-than-expected US unemployment claims

Gold prices climbed nearly 1%, according to the website Kitco News. The rally was driven by a 0.6% decline in the US dollar index, fueled by economic slowdown, uncertainty over American trade policy, and a court ruling challenging some of President Donald Trump's tariffs.

The rebound from recent weekly lows was also spurred by unexpected stateside employment data. Jobless claims surged to 240,000 for the week ending May 24, exceeding forecasts of 230,000 and the previous week's 226,000.

This information has strengthened expectations of a Federal Reserve interest rate cut. According to experts at Kitco News, a potential reduction in borrowing costs would make gold more attractive to investors seeking portfolio diversification and protection against economic instability.

Elizaveta Kuzmicheva MarketCheese

Recommended

United States. CFTC Gold speculative net positions. The value of the indicator has decreased from 244.8K to 205.4K
30 January
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
28 January
United States. CFTC Gold speculative net positions. The value of the indicator has decreased from 251.2K to 244.8K
23 January
United States. Core PCE Price Index (MoM). The value of the indicator remained at the same level of 0.2%
22 January
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 2.7% to 2.8%
22 January
Top news
European Union. CPI (MoM). The value of the indicator has decreased from 0.2% to -0.5%
Today at 10:01 AM
Australia. RBA Interest Rate Decision. The value of the indicator has increased from 3.6% to 3.85%
Yesterday at 3:30 AM
United States. ISM Manufacturing PMI. The value of the indicator has increased from 47.9 to 52.6
2 February
European Union. Manufacturing PMI. The value of the indicator has increased from 49.4 to 49.5
2 February
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.3%
30 January
All news

Forecasts

NVIDIA Corporation buy
Period: 11.02.2026 Expectation: 1300 pips
NVIDIA shares approach key milestone before potential reversal
FA Other Technical analysis TA Other Indicators Fundamental analysis
Today at 10:40 AM 18
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Brent sell
Period: 28.02.2026 Expectation: 290 pips
Selling Brent crude from 70.2 resistance
FA Other Chart analysis
Today at 09:57 AM 21
Bruce_Powers
USDCAD buy
Period: 11.02.2026 Expectation: 1800 pips
USDCAD's ascent is unshaken by fleeting oil recovery
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
Today at 08:37 AM 21
Emily_Foster
Gold buy
Period: 30.09.2026 Expectation: 1100 pips
Holding onto gold for long term
FA Other Chart analysis
Today at 07:41 AM 41
McCarthy_Raymond
USDCAD sell
Period: 31.05.2026 Expectation: 11000 pips
USDCAD selloff starts from 1.4060
Indicators and reports Chart analysis
Yesterday at 11:43 AM 23
McCarthy_Raymond
BTCUSD sell
Period: 10.02.2026 Expectation: 9000 pips
Selling BTCUSD on rebound to $84,000 amid negative fundamentals
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
Yesterday at 11:06 AM 29
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Go to forecasts