Next Friday, the US March unemployment rate and non-farm payroll data will be disclosed.

February's unemployment rate was higher than expected, and non-farm payrolls were lower than expected, both are positive for gold and silver. However, combined with concerns about inflation and the strengthened expectation of the Federal Reserve raising interest rates, the non-interest-bearing asset gold experienced a significant drop. Yet, spot gold rose yesterday. Could it be that the market is anticipating a leading effect from next week's US unemployment rate and non-farm payroll data? From these recent data points, it can be seen that the unemployment rate may climb, and non-farm payroll data may deteriorate. Adding to this, Chairman Powell's remarks at the last FOMC meeting, where he believed that AI was "to some extent" a partial reason for the decline in the (college graduate) employment rate, could this time our Asia-Pacific region (HSBC, Tencent, Alibaba's large-scale AI layoffs) in the US (I've also heard that AI industry penetration is not high, but this impact absolutely cannot be ignored) also potentially cause severe unemployment?

If combined with rising unemployment and non-farm payrolls falling short of expectations, then the Federal Reserve cannot possibly raise interest rates. The rise in gold might be due to this reason, and at that time, the stock market might also recover.