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On July 2, lower-than-expected U.S. non-farm employment data lifted gold prices, which are currently up 2% after a slight decline before the report was released. According to the U.S. Bureau of Labor Statistics, only 57,000 non-farm jobs were added in June, significantly below analysts' previous forecast of 115,000. This unexpected data drove up stock and commodity prices, alleviating market concerns about future interest rate hikes. Remarks from Federal Reserve Chair Waller also eased worries about interest rates. The most actively traded silver also rose, increasing by 4%.

On July 2, following the release of the latest employment data by the U.S. government, the market on Thursday bet that the case for the Federal Reserve to raise interest rates later this month has significantly weakened due to a noticeable slowdown in job growth. The highly anticipated employment report released by the U.S. Bureau of Labor Statistics on Thursday showed that non-farm payrolls increased by 57,000 in June, which is about half of what economists had expected. The job growth data for May was revised down from an initially reported 172,000 to 129,000. Seema Shah, Chief Global Strategist at Principal Asset Management, wrote: 'The slowdown in job growth challenges the expectations of labor market recovery seen in recent months, but more importantly, it reinforces the view that the Federal Reserve faces limited pressure to tighten policy.' Currently, short-term interest rate futures traders believe the probability of a rate hike in July has dropped to below 20%, but they still see a higher likelihood of a rate increase in September.

BlockBeats News, July 2nd, Ondo Finance announced a partnership with Broadridge Financial Solutions (NYSE: BR) to launch the first third-party custody-based tokenized U.S. securities solution within the current U.S. regulatory framework. The tokenized assets in this offering include BlackRock's iShares Core S&P 500 ETF (IVV) and Micron Technology (MU). The related tokens are issued on the Ethereum blockchain and backed 1:1 by the underlying stocks through a regulated custodian, ensuring the underlying securities remain within the traditional U.S. regulated custody chain. Broadridge will provide token holders with services such as proxy voting, issuer communications, and regulatory disclosure through its platform, giving them the same shareholder rights and protections as holders of traditional securities.