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Gold prices catching a bid as JOLTS Job openings fall to 7.08 million - Kitco

Source: Kitco

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DW NOTE

The Fed hiked for the first time in three years, and gold has fallen 21.5% from its January high. JOLTS openings dropped to 7.08 million — the lowest since 2021 — but the market is treating weaker data as permission to sell inflation hedges, not buy them. When monetary tightening meets a closed Strait of Hormuz and gold still falls, you're watching position liquidation, not price discovery.

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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

Gold prices catching a bid as JOLTS Job openings fall to 7.08 million - Kitco

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