U.S. Job Market Cools, Gold Retreats from Record Highs, and China Halts Soybean Purchases Amid Global Economic Shifts
Key TakeawaysThe U.S. labor market is showing significant signs of cooling, with online job postings falling sharply and alternative Wall Street data indicating a loss of steam, including a reported decline of 32,000 private-sector jobs last month.Gold prices have retreated from record highs near $4,000 an ounce due to profit-taking and a stronger dollar, after a "torrid rally" that saw the precious metal gain 47-50% this year, its strongest annual advance since 1979.U.S. soybean farmers are in "panic mode" ...