Group 1 - U.S. corporate hiring activity has slowed to its lowest level in nearly two years, with job cuts observed in sectors such as business services, education, and healthcare, indicating a continued weakening in labor demand [1][2] - According to ADP Research, private sector employment increased by only 37,000 jobs last month, falling short of all economists' predictions in a survey, marking the second consecutive month of significant underperformance [1][2] - The current job market is under dual pressure: a noticeable slowdown in hiring speed and an extended time for unemployed individuals to find new jobs, with economists expecting more signs of cooling in the labor market in the coming months [2][3] Group 2 - Following the data release, stock index futures and U.S. Treasury yields fell, while President Trump reiterated calls for Federal Reserve Chairman Powell to lower interest rates in response to the current situation [3][4] - Despite the hiring slowdown, wage growth remains strong, with a 7% increase for job switchers and a 4.5% increase for retained employees, according to the ADP report, which covers over 25 million U.S. private sector employees [4] - The upcoming U.S. government employment report for May is expected to show a slowdown in non-farm employment growth compared to the strong performance in April, while the unemployment rate is anticipated to remain stable [4]

Group 1 - The Shanghai gold futures market experienced a slight decline, with the main contract closing at 782.42 yuan per gram, down 0.41% on June 4 [1] - The spot price of gold in Shanghai was reported at 781 yuan per gram, indicating a discount of 2.1 yuan per gram compared to the futures price [1] - The U.S. JOLTS report indicated an increase of 191,000 job vacancies in April, reaching a total of 7.391 million, while layoffs surged to 1.786 million, the highest increase in nine months [1] Group 2 - According to Guotou Futures, precious metals showed weak fluctuations overnight, with a focus on upcoming U.S. economic data, particularly the non-farm payrolls report [2] - The international gold price is supported by a strong level around $3,000, maintaining a buy-on-dip strategy [2] - Attention is also directed towards the U.S. ADP employment data and the ISM non-manufacturing PMI for May [2]