Analysis: If tonight's non-farm payroll data is stronger than expected, it will push up interest rate expectations, benefiting the US dollar and putting pressure on gold.

Odaily News The key to tonight's non-farm payroll data lies in its impact on subsequent interest rate cut expectations: stronger-than-expected data, especially hot wage growth, will push up interest rate expectations, benefiting the US dollar and putting pressure on gold; weaker-than-expected data will reinforce rate cut pricing, leading to a softer dollar and benefiting gold; if employment cools but wages remain firm, market divergence will increase, resulting in a resilient dollar and high-volatility, range-bound trading for gold. (Jin10)