Strong payrolls lift USD, cap gold gains.

On Thursday, due to strong US employment data dispelling market expectations of a recent interest rate cut by the Federal Reserve, the US dollar index rose sharply before the US session, returning above the 97 level and briefly reaching a intraday high of 97.42, ultimately closing up 0.32% at 97.08; The benchmark 10-year US Treasury yield closed at 4.351%, and the 2-year US Treasury yield closed at 3.892%. On Friday (July 4th Beijing time), spot gold traded around $3330 per ounce, with gold prices falling 1% on Thursday as stronger than expected US employment data consolidated expectations that the Federal Reserve was unlikely to cut interest rates early as previously anticipated, weakening the attractiveness of gold. Under the shadow of uncertainty, the two oil companies are trapped in a range. WTI crude oil fluctuated back and forth around $66, ultimately closing down 0.58% at $66.23 per barrel; Brent crude oil closed down 0.39% at $68.51 per barrel.