ChainCatcher news, gold prices stabilized after three consecutive days of increase, as traders awaited the release of U.S. employment data, which will impact the Federal Reserve's policy outlook for this year. The non-farm payroll data for December is expected to show a slowdown in job growth, but still remain healthy, with economists predicting this growth will continue into 2025.Federal Reserve officials have hinted that they may keep interest rates at current levels for an extended period, only considering rate cuts again when inflation shows significant signs of cooling. As traders lower their expectations for rate cuts by the Fed in the first half of the year, the U.S. dollar index DXY is poised for a sixth week of gains, while the 10-year Treasury yield approaches its highest level since April of last year. (Jin Shi)

ChainCatcher news, according to Jinshi Data, on July 5, the latest data shows that the U.S. labor market is gradually cooling, supporting expectations for interest rate cuts later this year. This data is consistent with other employment reports this week, indicating a significant decrease in job vacancies and an increase in unemployment claims. The dual slowdown in employment and inflation supports the market's bets on the Federal Reserve cutting rates as early as September. This employment report is the last one before the Federal Reserve officials meet later this month, and the market expects the Fed to cut rates twice this year.