Sudden change! U.S. stocks plummet! Gold and silver surge straight up! Trump, latest statement!

Affected by geopolitical conflicts and weaker-than-expected U.S. non-farm payroll data, U.S. stocks plummeted, while gold and silver prices rose.

In the evening (March 6), the U.S. stock market opened with a collective sharp decline in the three major indices.

Regarding Chinese concept stocks, the Nasdaq Golden Dragon China Index rose slightly, up about 0.45% at the time of writing. Among individual stocks, JD.com increased over 4%, and Gaotu and NetEase rose more than 3%.

Gold and silver, which had been declining, suddenly surged sharply. As of the writing, spot gold was up 0.11%, and spot silver increased by 0.2%.

Oil prices continued to rise. As of the writing, Brent crude oil was up over 6%, breaking the $90 per barrel mark.

On the news front, the U.S. Bureau of Labor Statistics announced that in February, seasonally adjusted non-farm employment decreased by 92,000, marking a negative figure for the second time since October 2025. Market expectations were for an increase of 59,000.

Additionally, the U.S. February unemployment rate was recorded at 4.4%, the highest since December 2025, slightly above market expectations of 4.3%.

Due to this unexpected weaker-than-expected data, traders now estimate the probability of the Federal Reserve cutting interest rates in June has risen to about 50%, up from 35% before the employment data was released.

Federal Reserve official Daly stated that single-month economic data are not decisive. The current economy faces dual risks of high inflation and a fragile labor market, requiring balanced assessment. She pointed out that employment data should be analyzed comprehensively, recent reports are difficult to interpret, wage growth is not overheating, and must be matched with productivity and inflation. She also expressed concerns about the impact of rising oil prices and a soft labor market. She emphasized that risk assessment should consider both sides and that economic data developments will continue to be monitored closely.

Meanwhile, in the Middle East, U.S. President Trump declared on social media on the 6th that “no agreement will be reached with Iran unless it unconditionally surrenders.” He also said that the U.S. and “many of its allies” aim to “make Iran great again!”

Additionally, on the 5th, Trump stated that at this stage, he is not considering deploying ground troops to Iran.

In an interview, Trump said that considering deploying ground troops to Iran at this stage is a “waste of time,” claiming that Iran “has lost its navy and everything,” and that the U.S. will continue its pace and intensity of strikes against Iran.

Trump reiterated his intention to select what he calls “good leaders” for Iran and again mentioned that the U.S. has some so-called “good leadership candidates,” but refused to disclose specific names.

Recently, Trump stated that some of the “candidates” he favors have been killed in attacks on Iran in the U.S. and Israel. When asked about this, Trump said he is taking measures to ensure that the “candidates” survive in the war.