U.S. forces struck Iranian targets, prompting air defense alerts in Bahrain and Kuwait; Trump insisted he would soon 'disengage' from the conflict with Iran.

Tensions in the U.S.-Iran conflict continue to escalate, with Bahrain and Kuwait successively issuing nationwide air defense alerts. U.S. forces shot down four Iranian drones and conducted airstrikes on Iranian coastal radar installations, prompting Iran to retaliate with missile strikes targeting U.S. military bases in Kuwait and Bahrain.

wallstreetcn10:25

Full Text of the U.S. May Nonfarm Payrolls Report: Employment Growth Driven by Food Services, Healthcare, and Local Government

U.S. nonfarm payrolls rose by 172,000 in May, significantly exceeding expectations, with prior two-month data revised upward by a combined 93,000. The unemployment rate held steady at 4.3%. Job gains were driven by the food services, healthcare, and local government sectors. Below is the full nonfarm payroll employment report.

Golden10 DataJun 5 20:52

After strong nonfarm payroll data, Goldman Sachs 'surrenders': no longer expects the Fed to cut rates this year

Goldman Sachs believes that a triple push from tariffs, high oil prices, and AI-related demand will keep core PCE inflation above 3% in 2026. Given the Federal Reserve’s lack of urgency to cut rates, Goldman Sachs has abandoned its expectation for rate cuts this year, pushing the final two rate cuts to June and December 2027. It also raised the probability of a rate hike from 10% to 20% and considers 'holding rates steady' a reasonable alternative.

wallstreetcn58minutes ago

Gold erased all gains for 2026, silver plunged 8.5% in a single day, and strong U.S. employment data boosted expectations of rate hikes.

Markets have fully priced in a Federal Reserve rate hike by December, with the probability of a hike in October rising to 60%. Analysts note that gold faces dual headwinds from rising real yields and a stronger U.S. dollar; sharp declines in U.S. equities prompted some investors to reduce gold holdings to cover losses in other assets, exacerbating selling pressure. Gold prices fell as much as 3.6% on Friday.

wallstreetcn04:03

Materials Down on Rate Fears -- Materials Roundup

Dow Jones05:13

Express News | Spot gold has erased all gains made so far this year.

Breakings02:41