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(Kitco News) - The gold market is off its lows but still remains under pressure as the number of jobs available in the U.S. fall in line with expectations.
Job openings, a measure of labor demand, dropped to 9.58 million on the last day of June, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.
According to consensus estimates, economists were looking for job openings to drop to 9.61, down from 9.92 million posted reported in June.
The gold market is not seeing much reaction to the latest labor market data. December gold futures last traded at $1,988.40 an ounce, down 1% on the day.
