Gold approaches $4,600/oz after U.S. weekly jobless claims fall to 203k
(Kitco News) - #Gold prices are getting closer to the $4,600 per ounce level on Thursday morning following the release of better than expected labor market data after the number of Americans filing new claims for unemployment benefits came in below economists’ forecasts.
Initial claims for state unemployment benefits came in at seasonally adjusted 203,000 for the week ending August 22, the Labor Department announced on Thursday. The number was below expectations, as consensus estimates forecasted a reading of 208,000 claims. The previous week’s figure was revised to 207,000 from 206,000.
Spot gold was coming off session lows shortly after the 8:30 am ET data release, and last traded at $4,595.00 per ounce for a gain of 0.01% on the daily chart.
Meanwhile, the four-week moving average for new claims – often viewed as a more reliable measure of the labor market since it flattens week-to-week volatility – came in at 205,500 against expectations for 203,000 and following the previous week’s 204,250 level.
Continuing jobless claims, which represent the number of people already receiving benefits, were at 1.778 million during the week ending August 15 against expectations for 1.790, and following the previous week’s revised 1.796 million level.
Read the full article at Kitco.
GOLD OROGEN COMMENCES 2026 NEW BRUNSWICK EXPLORATION PROGRAM AT MCINTYRE BROOK & RILEY BROOK
$OROG:CSE $OROG.C
https://t.co/azaoTfjFN6
#gold#mining#exploration#Yukon#NewBrunswick
@MarketOneMedia Thank you for the coverage!
#Yukon Golden Culvert is a #RIRGS targets project awaiting drill permit for 2026-2027
#NewBrunswick McIntyre Brook and Riley Brook targets are within @kinrossgold and @ExplorationPuma joint venture Williams Brook project current ongoing
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➡️ Disseminated on behalf of: Gold Orogen Resources Corp.
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Some gold stories stay overlooked until results force investors to take a second look. Could Gold Orogen be one of them?
@goldorogen (CSE: $OROG) is a newly-listed Canadian gold explorer advancing two drill-ready assets in the Yukon and New Brunswick, with 2026 exploration catalysts shaping its potential re-rating story.
Here’s what investors should know:
• In the Yukon’s Tombstone Belt, Gold Orogen’s Golden Culvert-WIN project gives the company exposure to untested targets tied to a high-interest gold model.
• Its New Brunswick assets add a second upside lever in the Appalachian gold belt, where past drilling confirmed gold mineralization and nearby infrastructure supports cost-effective exploration.
• The company has 44.03 million shares outstanding, about 65% in escrow or long-term hands, and more than C$9 million in carried project value across its Yukon and New Brunswick assets.
Read the full @BNNBloomberg feature to learn why management believes Gold Orogen’s two-asset gold story remains overlooked.
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The content above is based on information contained in the company’s feature article on BNN Bloomberg dated July 9, 2026, prepared by the company’s Qualified Person, as defined in National Instrument 43-101.
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