Gold surges as U.S. job openings hit 2-year low.
TL;DR Summary
The gold market rose above $2,000 an ounce after the US labor market showed signs of slowing, with the number of job openings dropping more than expected in March. The Federal Reserve likes to watch the ratio of job openings to unemployed people and has previously stated that rate hikes were justified because the number of job openings was elevated. The lower-than-expected job openings signal that this could be the last Fed rate hike in this tightening cycle before a pause. All eyes are on Friday’s nonfarm payrolls report from April.
Topics:business#federal-reserve#finance#gold#job-openings-and-labor-turnover-survey#nonfarm-payrolls-report#us-labor-market
- Gold price jumps above $2000 as U.S. job openings drop to 9.6 million Kitco NEWS
- Job openings tumble to lowest point in nearly two years CNN
- Job openings fall to lowest level since April 2021 Yahoo Finance
- Job openings fell more than expected in March to lowest level in nearly two years CNBC
- Job openings declined to 9.59 million in March CNBC Television
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