Gold prices hold sold gains as U.S. JOLTS job openings rise to 7.8 million | Metals Mine

  • Gold prices hold sold gains as U.S. JOLTS job openings rise to 7.8 million

    From kitco.com

    The gold market is holding on to solid gains back above $3,300 an ounce, even as the U.S. labor market remains fairly resilient with the number of job openings jumping more than expected in May. May job openings—a measure of labor demand— rose to 7.77 million, up from April’s reading of 7.39 million, according to the Labor Department's monthly Job Openings and Labor Turnover Survey (JOLTS) report. The data was stronger than expected, as economists had forecast a drop to 7.32 million. Job openings have risen to their highest level since January. Gold prices have fallen from their session highs following the ... (full story)

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