美非农数据大幅不及预期，九月降息概率超99%，金价首次站上3600美元

Group 1 - The core viewpoint of the article highlights that gold prices have surged to new highs due to disappointing U.S. non-farm payroll data and rising expectations for Federal Reserve interest rate cuts [1] - From September 1 to September 5, gold prices broke through $3,600 per ounce, reaching a peak of $3,653.3 per ounce, with COMEX gold futures closing up 3.52% at $3,639.8 per ounce [1] - The China Gold ETF (518850) saw a weekly increase of 3.85%, while the gold stock ETF (159562) rose by 9.28% [1] Group 2 - The U.S. non-farm payroll data released on September 5 indicated an increase of only 22,000 jobs in August, significantly below the market expectation of 75,000, with the unemployment rate rising to 4.3%, the highest since 2021 [1] - These labor market indicators suggest a weakening trend, heightening concerns about slowing economic growth in the U.S., which has contributed to the surge in gold futures prices [1] - Looking ahead, if the Federal Reserve resumes interest rate cuts in September, it could benefit gold prices, especially in the context of high interest rates and government debt, which are leading to elevated interest costs on U.S. debt [1]