Gold Holds Near $4,480 as “Good News” Jobs Data Masks a Much Bigger Problem

Frank Balm Dec 25, 25

Gold Slips Slightly After Jobs Report — But Don’t Be Fooled

Gold prices were hovering near session lows after the latest U.S. labor data came out, but let’s be clear: this wasn’t some major breakdown. Spot gold was last trading around $4,480 per ounce, down a modest 0.09% on the day.

That move came after the Labor Department reported that initial jobless claims fell to 214,000, lower than economists expected. Wall Street took that as “good news,” which briefly strengthened the dollar and pressured gold.

I’ve been around these markets long enough to tell you — this kind of knee-jerk reaction happens every single cycle.

The Headline Number Wall Street Wants You to See

According to the report:

Initial jobless claims: 214,000
Expected: 223,000
Previous week: 224,000

On the surface, it looks like the labor market is holding together just fine. That’s the story you’ll hear on financial TV: strong economy, no need to worry.

But headlines are designed to comfort you — not protect your savings.

The Four-Week Average Tells a Different Story

Here’s where things get more interesting.

The four-week moving average, which smooths out week-to-week noise, came in at 216,750. That’s slightly lower than the prior week, but still higher than what we were seeing earlier in the year.

Why does this matter? Because this measure strips away short-term volatility and shows us the trend — and that trend is no longer improving meaningfully.

When an economy is truly strong, jobless claims don’t just flatten out. They fall consistently. That’s not happening.

Continuing Claims Are Quietly Rising

Now let’s talk about the number nobody wants to focus on.

Continuing jobless claims — people already receiving benefits — climbed to 1.923 million, well above expectations and the prior week’s level.

This tells me something important:
People who lose jobs are having a harder time finding new ones.

That’s not a sign of a healthy labor market. That’s a sign of an economy running on fumes and debt.

Why Gold Isn’t Going Anywhere

Despite the so-called “good news,” gold barely budged. That’s not weakness — that’s strength.

Gold is telling us that:

Inflation risks aren’t gone
Debt levels are unsustainable
Central banks are trapped
The dollar keeps losing purchasing power

I like to compare fiat currency to a used pickup truck with 300,000 miles on it. You can slap on a fresh coat of paint, but underneath, the engine is worn out. Gold, on the other hand, doesn’t rust, doesn’t default, and doesn’t need a bailout.

This Is Exactly Why I Own Gold and Silver

I grew up working class. I know what it feels like to watch prices rise faster than paychecks. When the government tells you everything is “fine,” that’s usually when you should be paying the closest attention.

Strong headlines don’t fix:

Exploding federal debt
Central bank money printing
Surveillance-driven payment systems like FedNow
The slow erosion of your purchasing power

Gold and silver don’t care about spin. They care about reality.

Call to Action: Arm Yourself Before the Collapse

Don’t wait for the next “bank holiday” or currency reset to realize you’ve been had. Get physical. Get secure. And get educated — because they’re not going to warn you when it all goes down.

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Your future self will thank you.