Gold price catching a bid as JOLTS job openings drop to 7.36 million - KITCO
Gold price catching a bid as JOLTS job openings drop to 7.36 million - KITCO
Source: KITCO
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DW NOTE
JOLTS dropped to 7.36 million openings — the lowest since early 2021 and down from 8.1 million in April. Gold is up because the labour market is finally cracking, which means the Fed's 3.5% floor is looking less like prudence and more like policy error. The only question now is how long Powell waits before admitting he held too tight for too long.