US jobs data misses, USD drops, gold jumps 2%+.

Last Friday, due to weak non farm payroll data, expectations of a rate cut sharply increased, causing the US dollar index to plummet, breaking below the 99 integer mark and ultimately closing down 1.363% at 98.67, the largest daily decline in over four months. The yield of US Treasury bonds collectively plummeted, with the benchmark 10-year bond yield closing at 4.225% and the 2-year bond yield closing at 3.698%. On August 1st, spot gold prices surged 2.23%, hitting a one week high of $3363.37 per ounce during trading and closing at $3363.16 per ounce. This surge was not only driven by unexpectedly weak US non farm payroll data, but also stimulated by safe haven demand triggered by the Trump administration's latest tariff policies. The uncertainty of the global economy, the weakness of the US dollar, and the increasing expectation of interest rate cuts by the Federal Reserve have collectively provided strong momentum for the rise of gold. As the market is concerned about the prospect of OPEC+production increase and the weaker than expected US employment report exacerbates demand concerns, international crude oil continues to decline. WTI crude oil continued to decline in the US market, ultimately closing down 3.29% at $66.65 per barrel; Brent crude oil ultimately closed down 3.26% at $69.35 per barrel.