On February 2, 2025, the US JOLTS Job Openings data came in higher than expected, indicating a strong labor market. This data has a bearish impact on gold (XAUUSD) as it reinforces economic strength, reduces recession fears, and increases expectations for a hawkish Federal Reserve, strengthening the US dollar and Treasury yields, both of which put downward pressure on gold prices.
Today’s given signal : https://t.me/calendarsignal/16858
Why Higher JOLTS Job Openings Impact Gold Prices?
- Stronger Labor Market Signals Economic Growth
- An increase in job openings suggests businesses are expanding and hiring, which supports overall economic growth.
- Example: If JOLTS openings rise from 9.2M to 9.8M, it signals higher labor demand, reducing the need for economic stimulus.
- Expectations of Higher Interest Rates
- A strong job market gives the Federal Reserve room to maintain higher interest rates to control inflation.
- Higher rates increase Treasury yields, making bonds more attractive than gold, which does not offer interest.
- Stronger US Dollar Reduces Gold Demand
- A strong economy and higher rates boost the US Dollar Index (DXY), making gold more expensive for international buyers.
Example: A 0.6% rise in the DXY typically causes a 1-1.5% decline in gold prices
What Causes Strong JOLTS Job Openings Data?
✅ Factors Behind High JOLTS Job Openings:
- Business Expansion: Companies hire due to increased consumer demand.
- Government Spending: Infrastructure projects and fiscal stimulus drive job creation.
- Lower Interest Rates (Previously): Past monetary easing encouraged hiring.
❌ Factors That Can Weaken JOLTS Data:
- Recession Fears: Businesses freeze hiring.
- Higher Interest Rates: Tighter monetary policy slows expansion.
On last Jolts Opening data (7-1-2025) we predicted higher data, & as per that we suggest to SELL XAUUSD & as a result, we made a profit of 27 points according to the signal we gave.
Check the previous blog : https://blog.forextrade1.co/forecasting-gold-trends-in-based-on-us-non-ism-manufacturing-jolts-job-opening-data-7-1-2025/
Check last given signal : https://t.me/calendarsignal/16501
Performance : https://t.me/calendarsignal/16511
Where to contact us :
Website : www.forextrade1.co
Twitter : www.twitter.com/forextrade11
Telegram : telegram.me/ftrade1
Facebook : www.facebook.com/Forextrade01
Instagram : www.instagram.com/forextrade1
YouTube : www.youtube.com/ForexTrade1
Skype : forextrade01@outlook.com
Email ID : info.forextrade1@gmail.com
Discord : https://discord.gg/vEk98ZvrHP
LinkedIn : https://www.linkedin.com/company/forextrade11