(Kitco News) - Economic data continues to be ignored by the broader gold market as prices continue to move from record highs to record highs. Gold is pushing to within striking distance of $2,300 an ounce as the U.S. labor market appears to stabilize.
Job openings, a measure of labor demand, dropped to 8.76 million as of the last day of February, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.
The latest labor market data fell in line with expectations.
The gold market is trading near its session highs following the in-line employment data. June gold futures last traded at $2,292.20 an ounce, up 1.54% on tye day