Gold price attracts a modest bid even as U.S. JOLTS shows resilient labor market

Gold is seeking fresh buying momentum, but the key support level at ~$4,000/oz is at risk as U.S. employment remains resilient, with available jobs staying relatively steady last month. Persistent labor strength can keep rates expectations firm, weighing on gold demand and limiting upside follow-through.

Analysis

Gold is seeking fresh buying momentum, but the key support level at ~$4,000/oz is at risk as U.S. employment remains resilient, with available jobs staying relatively steady last month. Persistent labor strength can keep rates expectations firm, weighing on gold demand and limiting upside follow-through.