(Kitco News) – Gold prices fell to fresh session lows following the release of better-than-expected labor market data after the number of Americans filing new claims for unemployment benefits was below economists’ forecasts.Initial claims for state unemployment benefits came in at seasonally adjusted 233,000 for the week ending June 28, the Labor Department announced on Thursday. The number was better than expectations, as consensus estimates forecasted a reading of 240,000 claims. The previous week’s figure was revised up to 237,000.
