"Some of this decline may be due to the expiration of benefits rather than previously displaced workers finding new jobs," noted Millan Mulraine, senior U.S. strategist, TD Securities. "Nevertheless, at these levels claims are consistent with the U.S. economy generating at a 200,000 plus pace and as such we expect employment growth in February to fall within this range, suggesting that the labor market is continuing to build on the positive momentum generated over the past two months." In other domestic economic news, the Federal Housing Finance Agency reported that home prices rose 0.7% on a seasonally-adjusted basis in December, after increasing a revised 0.7% in November. Previously it was reported that prices rose 1% in November. George Gero, senior vice president with RBC Wealth Management, believes current bullish sentiment behind gold could push prices to $1,800 by June. However, in the near term he expects investors to book some profits ahead of the weekend. "Continued buying helped by jobs figures today and more buy stops as we are looking at $1,800 as the next possible move before profit taking ensues tomorrow," said Gero. A research note from RBC Capital Markets said there were few catalysts to trigger movements in any direction. "At the moment, the market is looking for new information as our current state of affairs seems well priced in," said RBC analysts. Gold mining stocks were trading higher Wednesday. Kinross Gold ( KGC) was falling 1.1% at $11.41 while Randgold Resources ( GOLD) was up 1.1% at $116.11 Agnico-Eagle ( AEM) was flat at $37.52 and Eldorado Gold ( EGO) was up 0.7% at $14.88. -- Written by Ross Tucker in New York. >To contact the writer of this article, click here: Ross Tucker. >To follow the writer on Twitter, go to http://twitter.com/rosstucker. >To submit a news tip, send an email to: email@example.com.