美国就业数据强于预期，贵金属价格继续回调 白银需求空前高涨

Group 1 - Precious metal prices are experiencing a pullback, with spot silver falling below $90 per ounce and London silver down over 1% as of the report date [2] - Analyst Kyle Rodda indicates that stronger-than-expected U.S. economic data has reduced expectations for a Federal Reserve rate cut, leading to decreased demand for gold as a safe-haven asset [2] - The U.S. Department of Labor reported a decrease of 9,000 in initial jobless claims, bringing the total to 198,000, which is below the expected 215,000 by Reuters economists [2] Group 2 - Despite the pullback in precious metal prices, silver demand is at an all-time high, with the U.S. Mint halting silver sales [4] - SPDR Gold Trust's holdings increased by 0.05% to 1,074.80 tons, marking the highest level in over three and a half years [4] - Vanda Research reports that silver has become the most crowded commodity trade, with individual investors rapidly purchasing silver [4] - Analysts from Yide Futures suggest that current investment and physical demand remain strong, with potential downside for silver prices mainly stemming from financial attributes, particularly the weakening expectations for a Federal Reserve rate cut [4]