US job openings fell to 7.08 million in August, the lowest since May and below expectations, signaling a cooling labor market. This weaker labor demand has boosted gold prices by over 1%, as investors anticipate the Federal Reserve may slow or pause interest rate hikes. A softer labor market reduces pressure on the Fed to raise rates aggressively, potentially supporting gold as a safe haven. The trend suggests cautious optimism for gold if the labor market continues to weaken.
Gold prices are gaining interest as US job openings dropped to 7.08 million in August, the lowest since May, signaling a cooling labor market. For readers following the US stock market, here is Pluang's snapshot as of Sep 29, 2026 21:15 WIB: out of 150 priced US stocks, 75 rose and 73 fell. Notable movers include AMAT at USD 504.77 (+3.70%), MRVL at USD 260.48 (+3.41%), and BA at USD 190.44 (+3.28%).
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Deutsche Bank upgraded Netflix stock from hold to buy, citing its undervaluation at 18 times 2027 earnings and strong international growth potential. Jim Cramer supports this view, highlighting Netflix's large addressable market and engagement, despi...
