Spot gold trades at $4,436/oz after U.S. weekly jobless claims rise to 210k - KITCO

Weekly claims hitting 210k tells the story the Fed doesn't want to hear yet. Labor market softening means rate cuts are coming whether Powell admits it or not. Gold pushing through $4,400 on this data shows the market is pricing in monetary accommodation ahead of official policy shifts. We're seeing the classic late-cycle pattern where employment data drives precious metals more than inflation prints. COMEX specs are likely covering shorts here while physical demand from central banks continues unabated. The gold-silver ratio at 65.8 suggests silver has room to catch up on any dovish Fed signals. Stack on weakness, but this strength is telling us something important about where rates are headed.