Breaking! Non-farm Payroll Preview Data Ignites Precious Metals Market Silver Breaks $60 to Reach Historic High

As the market focuses on Wednesday's Federal Reserve interest rate decision, a significant piece of data has stirred up the market. The U.S. Bureau of Labor Statistics released the October JOLTS job openings data on Tuesday, which unexpectedly surged to 7.67 million, not only breaking the five-month peak but also far exceeding the market expectation of 7.15 million, strongly showcasing the resilience of the U.S. labor market.

It is worth noting that this data is not all “hot” signals. Although the number of job openings increased month-on-month and slightly rose from September's 7.658 million, the hiring side showed signs of weakness—October employment decreased by 218,000, dropping to 5.149 million, in stark contrast to September's 5.367 million.

Overall, the current U.S. labor market is in a state of “neither hiring nor laying off.” The reasons for this include a continuous tightening of labor supply, with the number of immigrants declining since the end of the Biden administration and accelerating shrinkage during Trump's second term, directly leading to a difficulty in filling job vacancies; on the other hand, the widespread application of artificial intelligence technologies has significantly suppressed demand for entry-level positions, further exacerbating the market stagnation.

After the data was released, the precious metals market instantly boiled over. Spot gold, which had previously dropped to its lowest point since December 2, surged in response, breaking through the $4,220 per ounce mark; silver even staged a wild rally, rising more than 4% during trading, strongly breaking through the $60 mark and setting a historic high, with market attention immediately shifting to the Federal Reserve's decision, awaiting guidance on the next trend. #比特币VS代币化黄金 #黄金 $BTC $ETH