Bullion has declined 1% so far in the week after three consecutive weekly gains. Prices rose above the key $2,000-per-ounce level last week on safe-haven demand amid growing unrest in the Middle East.
The number of Americans filing new claims for unemployment benefits increased slightly last week, with initial claims rising by 5,000 to reach 217,000 for the week ended October 28. Economists had anticipated 210,000 claims. While the labor market is gradually cooling, it remains tight, reflecting the ongoing strength of the economy.
US News: The number of Americans applying for jobless benefits increased slightly last week but remains relatively low, despite the Federal Reserve's efforts t