$Gold(IN00380.US)【Gold and Silver Experience Sharp Volatility, Market Cuts Fed Rate Cut Bets】Jin10 Futures, February 12th - During yesterday's session, London gold once rose above $5,100 per ounce, then plummeted sharply, briefly turning negative. Silver, which had surged nearly 7% earlier, also retreated. As of yesterday's close, London gold rose 1.19%, and London silver rose 4.2%. In terms of news, the non-farm payroll data exceeded expectations, leading the market to lower its expectations for Fed rate cuts.

1. On the evening of February 11th, Beijing time, data released by the U.S. Bureau of Labor Statistics showed that non-farm payrolls increased by 130,000 in January, significantly higher than market expectations, marking the largest increase since April 2025; the unemployment rate unexpectedly fell slightly to 4.3%.

2. Analysts believe that the acceleration in U.S. non-farm payroll growth in January, with the addition of 130,000 jobs far exceeding expectations and the unemployment rate falling to 4.3%, is a signal of stabilization in the labor market. This may give the Fed room to keep interest rates unchanged for a period while monitoring inflation.

3. Brad Smith, portfolio manager at Janus Henderson Investors, said: "This data provides strong evidence of robust economic growth, an improving labor market, and wage growth supporting consumer spending. The Fed will take this data into account when deciding whether to keep interest rates unchanged next month. Given its 'wait-and-see, data-dependent' stance, this undoubtedly increases the likelihood of maintaining rates." (This content and views are for reference only and do not constitute any investment advice.)