Surprise! The U.S. small non-farm payrolls hit a nearly two-year low, and gold surged by $6

On December 3rd, significant data was released! The U.S. ADP employment number for November unexpectedly decreased by 32,000, which not only fell far short of the market expectation of an increase of 10,000 but also marked the lowest level since March 2023, signaling a strong cooling in the job market.

As a "leading indicator" of non-farm data, the small non-farm unexpectedly recorded a negative value, directly raising market concerns about a slowdown in the U.S. economy, causing expectations for Federal Reserve interest rate cuts to surge. Driven by both risk aversion and expectations for easing, spot gold quickly surged by about $6, currently reported at $4220 per ounce, reaching a recent high.

Going forward, pay close attention to the official non-farm data this Friday. If it continues to show weakness, gold may see greater upside potential! #黄金