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Gold Recovers Following Weak US Jobs Opening Data
Gold prices have regained their footing following the release of U.S. Job Openings data, which revealed fewer openings than anticipated for July. According to the U.S. Bureau of Labor Statistics, the JOLTS Job Openings dropped to 7.673 million in July, down from a downwardly revised 7.91 million in June. This figure also came in below economists’ forecast of 8.1 million. The data suggests a tightening job market, potentially signaling a looming recession if corroborated by other negative employment indicators. The weaker-than-expected report has increased the likelihood that the Federal Reserve may opt for a larger ... (full story)
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- Posted: Sep 5, 2024 2:18am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 225
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