Gold Pares Gains Following U.S. JOLTS Report, More Data Awaited

After the release of the JOLTS report, gold pared some of its earlier gains. However, investors are keeping a close eye on the upcoming U.S. data. The Job Openings and Labor Turnover Survey (JOLTS), a reputable source of labor statistics, plays a crucial role in predicting gold performance. The correlation stems from gold’s status as a safe-haven asset, particularly during periods of economic uncertainty. Investors are now awaiting more U.S. data to ascertain the future direction of the gold market. Read More