On September 4, local time, data released by the US Bureau of Labor Statistics showed that the number of people employed in non-farm payrolls in the US increased by 162,000 in August, far exceeding the median industry forecast of 55,000. Strong employment data further heated the market's expectations of the Fed's interest rate hike. According to the CME Fed's observation tool, the probability that the Fed will raise interest rates in September rose to 60.2% from 52.4% before the release of non-farm payrolls data, and the probability of raising interest rates before the end of the year rose from about 83% to 87.7%. Financial assets fluctuated drastically as a result. The two-year US Treasury yield once rose by more than 7 basis points to 4.425%, the highest since January 2025; the US dollar index pulled up to 99.39, an increase of nearly 0.5%. International gold and silver prices fell significantly in the intraday period. The price of gold futures for December delivery on the New York Mercantile Exchange was $4429.70 per ounce, down 2.43%; the price of silver futures for December delivery was $65.615 per ounce, down 3.09%.

On September 4, local time, data released by the US Bureau of Labor Statistics showed that the number of people employed in non-farm payrolls in the US increased by 162,000 in August, far exceeding the median industry forecast of 55,000. Strong employment data further heated the market's expectations of the Fed's interest rate hike. According to the CME Fed's observation tool, the probability that the Fed will raise interest rates in September rose to 60.2% from 52.4% before the release of non-farm payrolls data, and the probability of raising interest rates before the end of the year rose from about 83% to 87.7%. Financial assets fluctuated drastically as a result. The two-year US Treasury yield once rose by more than 7 basis points to 4.425%, the highest since January 2025; the US dollar index pulled up to 99.39, an increase of nearly 0.5%. International gold and silver prices fell significantly in the intraday period. The price of gold futures for December delivery on the New York Mercantile Exchange was $4429.70 per ounce, down 2.43%; the price of silver futures for December delivery was $65.615 per ounce, down 3.09%.