After the release of non farm payroll data, spot gold prices rose, with a intraday increase of 2.20%

After the release of non farm payroll data, spot gold prices rose in the short term, reaching $4120 per ounce, with a 2.20% intraday increase. AI interpretation: The weak performance of non farm employment data directly weakens the growth momentum of the US economy. The cooling of the labor market has forced the market to reassess the Federal Reserve's monetary policy path. The rising risk aversion and expectations of interest rate cuts have jointly driven up the price of gold significantly. This data confirms the trend of economic slowdown and provides strong upward support for the precious metal market.