10:38 - 22.05.2025

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May 22, Fineko/abc.az. Gold is going up in price on Thursday morning, and investors are waiting for the release of statistics on the U.S. labor market, according to trading data.

ABC.AZ reports that as of 10.05 a.m. (Baku time), the price of the June gold futures on the New York exchange Comex rose by $22.66 relative to the previous close, or by 0.68%, to $3,336.16 per troy ounce. July silver futures rose 0.48% to $33,807 per ounce.

On Thursday, the U.S. Department of Labor will publish data on initial applications for unemployment benefits. Analysts expect that in the week to May 17, the number of initial applications for unemployment benefits increased by 1,000 from the previous week up to 230,000.