Don't worry about short-term rises.
The JOLTS report was one of U.S. Treasury Secretary Janet Yellen's top labor indicators when she was Fed chair. The indicator is also a labor market data that the Fed pays close attention to. The previous record number of job vacancies was an important impetus for the Federal Reserve to continue to raise interest rates with a hawkish attitude.
Mehta said signs of further tightening in the U.S. employment sector could intensify the Federal Reserve's hawkish expectations and trigger a new rally in the dollar and U.S. Treasury yields, pushing gold back toward the $1,900/oz mark.
Mehta said signs of further tightening in the U.S. employment sector could intensify the Federal Reserve's hawkish expectations and trigger a new rally in the dollar and U.S. Treasury yields, pushing gold back toward the $1,900/oz mark.
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