On June 5, spot gold fell below $4,400 per ounce, down 1.69% for the day. Spot silver also experienced a significant drop of 4.00%, currently reported at $70.90 per ounce.

The USD/JPY has sharply declined by over 50 points in the short term, falling below 160, with a low of 159.72.

According to monitoring by Yu Jin, F2Pool co-founder Wang Chun withdrew 9,719 ETH worth $16.16 million from Binance half an hour ago and then deposited it into Spark.

On June 5, according to US media reports, employment growth in May exceeded all economists' expectations, and the unemployment rate remained stable, further indicating that the labor market may be emerging from a prolonged period of weak hiring. Data released by the US Bureau of Labor Statistics on Friday showed that non-farm payrolls increased by 172,000 in May, with revisions upward for the previous two months. This brings the employment growth over the past three months to the strongest level in over two years. The report indicates that despite a recent rise in energy prices leading to a historic low in consumer confidence, the US labor market is showing signs of recovery after nearly stagnating last year. This data may also increase pressure on the Federal Reserve to consider raising interest rates to curb inflation. Following the data release, US Treasury bonds faced a sell-off, with the two-year Treasury yield rising by more than 7 basis points to 4.1%. The interest rate swap market indicates that expectations for a Federal Reserve rate hike have increased, with the market nearly fully pricing in a 25 basis point hike by the end of the year.

The yield on U.S. 2-year Treasury bonds increased by 10 basis points during the day, reaching a yearly high.

Spot gold has decreased by $50 today, currently priced at $4425.52 per ounce, a decline of 1.12%. New York futures gold touched down at $4450 per ounce, falling 1.23% during the day.

As of June 5, the market is currently pricing in a Federal Reserve rate hike in January of next year, with the previously expected timing before the non-farm payroll report set for March.

On June 5, institutional analyst Anstey commented on U.S. non-farm employment: We indicated before the data release that recent figures show changes in the job market, and this is now beyond doubt. The performance in 2025 has been very poor—average monthly job growth was only 26,000, compared to 117,000 in 2024—but there is a clear momentum in job recovery. So far this year, the average monthly job growth has reached 79,000, with nearly 188,000 added in the past three months, which is truly encouraging!

On June 5, it was reported that the U.S. economy achieved strong employment growth again in May, confirming that the labor market is gaining momentum after experiencing a downturn last year, and may provide the Federal Reserve with more leeway to maintain interest rates amid rising inflation triggered by the war with Iran. Data released by the U.S. Bureau of Labor Statistics on Friday showed that non-farm payrolls increased by 172,000 in May, while the April increase was significantly revised up from the previously reported 115,000 to 179,000. The employment growth in May continued the strong momentum of the previous two months. The unemployment rate remained at 4.3% for the third consecutive month. The improvement in employment growth mainly reflects that the level of layoffs remains low. There are currently no signs that the Middle East conflict, which has caused oil prices and the prices of goods transported through the Strait of Hormuz to soar, has had a substantial impact on the U.S. job market. Despite the strong performance in employment growth, the labor market is still in what economists refer to as a 'low hiring, low layoffs' equilibrium.

S&P 500 futures and Nasdaq 100 futures have fallen to intraday lows.