Gold steadies as claims beat, Hormuz talks trim haven bid - Kitco AM Report

(Kitco NewsWire) - Spot gold prices are firmer but spot silver prices are weaker in early U.S. trading Thursday, as softer labor-market momentum and lower Treasury yields offset a firmer U.S. dollar and a reduced geopolitical premium tied to Strait of Hormuz negotiations. At the time of writing, spot gold was trading near $4,252.60 an ounce, up 0.15%, while spot silver was trading at $61.390, down 0.86% on the session.The market is still working through last week’s Federal Reserve decision, when