Gold price today, Friday, January 16: Gold remains above $4,600 after an improved jobs report

Gold (GC=F) futures opened at $4,621.60 per troy ounce on Friday, nearly even with Thursday’s closing price of $4,623.70. The price of gold declined slightly in early trading. Despite the pullback, the gold price remains near its record high of $4,635, recorded on Wednesday. Gold’s price softened after the release of an improved weekly jobless claims report. In the week of Jan. 10, initial unemployment claims totaled 198,000, down 9,000 from the prior week. The median forecast was 215,000. The Departmen ...