Gold prices fell Thursday as robust U.S. labor data reduced the metal's safe-haven appeal.
Weekly initial unemployment claims reached 187,000. This figure was significantly lower than the forecasted 212,000.
Spot gold slipped below $4,100 per ounce. This price level marks a retreat from a two-week high reached the previous day.
The data reinforces expectations that the Federal Reserve will maintain a hawkish interest rate stance to combat inflation. Economic resilience reduces the urgency for rate cuts. Higher rates create headwinds for non-yielding assets like gold.