KITCO NEWS: Gold price jumps above $2,000 as U.S. job openings drop to 9.6 million

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KITCO NEWS: Gold price jumps above $2,000 as U.S. job openings drop to 9.6 million

Posted By: NaturalWisdom
Date: Tuesday, 2-May-2023 12:42:16
www.rumormill.news/221886

Meanwhile, bonds and Bitcoin prices are getting strong bids, while the Dow (-530) and Oil (-3.81) are trading on the downside today per ino.com.
-NW
Gold price jumps above $2,000 as U.S. job openings drop to 9.6 million
Anna Golubova
Kitco News
Tuesday May 02, 2023
[snip]
(Kitco News) The gold market moved above $2,000 an ounce after the U.S. labor market showed signs of slowing, with the number of job openings dropping more than expected in March.
The number of available positions declined to 9.6 million in March from an upwardly revised 9.974 million a month earlier, the Labor Department�s Job Openings and Labor Turnover Survey, or JOLTS, showed Wednesday. Market consensus calls were expecting to see 9.8 million openings.
The rate of layoffs rose 1.2%, rising to 1.8 million, led by construction, accommodation, food services, and health care. The quits rate edged down 2.5%, coming in at 3.9 million...
...The gold market began to rally after the release, with June Comex gold futures last trading at $2,012, up 0.99% on the day.