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 | 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 210.3K to 204.6K
Yesterday at 10:46 PM
United States. CFTC Gold speculative net positions. The value of the indicator has increased from 202.3K to 210.3K
12 December
South Africa. Gold Production (YoY). The value of the indicator has decreased from 5.9% to -1.2%
11 December
United States. Interest Rate Projection - Current. The value of the indicator remained at the same level of 3.6%
10 December
United States. Interest Rate Projection - 2nd Yr. The value of the indicator remained at the same level of 3.1%
10 December
Top news
United States. Nonfarm Payrolls. The value of the indicator has increased from -105K to 64K
Yesterday at 1:30 PM
United States. Unemployment Rate. The value of the indicator has increased from 4.4% to 4.6%
Yesterday at 1:30 PM
United States. Retail Sales (MoM). The value of the indicator has decreased from 0.1% to 0%
Yesterday at 1:30 PM
European Union. Trade Balance. The value of the indicator remained at the same level of 18.4B
Yesterday at 10:00 AM
European Union. Manufacturing PMI. The value of the indicator has decreased from 49.6 to 49.2
Yesterday at 9:01 AM
All news

Forecasts

USDCAD sell
Period: 24.12.2025 Expectation: 800 pips
USDCAD finds support despite negative fundamentals
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
Today at 07:16 AM 2
Emily_Foster
Brent sell
Period: 31.01.2026 Expectation: 120 pips
Brent crude selloff targets $58.7
Indicators and reports Chart analysis
Yesterday at 11:43 AM 30
McCarthy_Raymond
BTCUSD sell
Period: 23.12.2025 Expectation: 4500 pips
Selling BTCUSD with $83,500 in sight as risk appetite fades away
Technical analysis FA Other TA Other Indicators Fundamental analysis
Yesterday at 10:29 AM 27
Lyra_Moonwell1
Tesla Inc buy
Period: 26.12.2025 Expectation: 1500 pips
Tesla stock nears all-time high after yearlong wait
Hot news Chart analysis Indicators
Yesterday at 08:18 AM 35
John_Bullard
AUDUSD buy
Period: 23.12.2025 Expectation: 460 pips
Investing in AUDUSD amid correction ahead of delayed US data releases
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
Yesterday at 07:39 AM 27
Emily_Foster
NVIDIA Corporation sell
Period: 31.01.2026 Expectation: 1700 pips
NVIDIA selloff ahead of correction
FA Other Chart analysis
15 December 2025 31
McCarthy_Raymond
Go to forecasts