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```htmlGolden Ten Data reported on June 4 that the World Gold Council stated: Global gold ETF fund flows turned into net outflows in May, with a monthly outflow of $2 billion, causing the total assets under management to decrease by 2% to $604 billion. Europe was the only region to achieve net inflows, with an inflow of $334 million; Asia saw an outflow of $1.2 billion, North America saw an outflow of $1.1 billion, making them the main sources of net outflows. Gold market trading volume in May saw a slight increase, with average daily liquidity rising to $424 billion, which continues to exceed the average level for 2025.```

```htmlGelonghui June 4｜1. The three major U.S. stock index futures were mixed: Nasdaq futures fell 1.14%, S&P 500 index futures fell 0.27%, Dow futures rose 1%. 2. Major European stock indexes rose across the board: Germany's DAX index rose 0.6%, UK's FTSE 100 index fell 0.2%, France's CAC index rose 1.09%, and Euro Stoxx 50 index rose 0.46%. 3. The number of corporate layoffs in the U.S. increased by 16% month-on-month in May to 97,006, reaching the highest level for the same period since 2020. 4. For the week ending May 30, initial unemployment claims in the U.S. recorded 225,000, a new high since the week of February 7, 2026; expectations were 213,000, and the previous value was revised from 215,000 to 212,000. 5. The S&P 500 index rose 16% over two months, setting a rare postwar record; Deutsche Bank warns: the last time was before the 1987 stock market crash. 6. SpaceX officially set its IPO issue price at $135, with a valuation of $1.77 trillion, scheduled to be listed on June 12. 7. Tesla has fully launched its unsupervised autonomous driving Robotaxi service in the Austin metropolitan area. 8. Meta plans to launch the "Hatch" AI agent for general consumers, with a maximum monthly fee of $200. 9. TSMC President C.C. Wei: Unable to meet chip demand driven by AI in the next few years; sales are expected to grow over 30% this year. 10. Ming-Chi Kuo: Apple's XR headset and smart glasses roadmap now only includes two smart glasses products; the Vision Pro product line has been removed. 11. IBM and Google Cloud announced a strategic cooperation to enable scaled AI adoption by combining human expertise and AI-driven delivery models. 12. Hon Hai and Intel have entered into a strategic collaboration to jointly develop an artificial intelligence platform. 13. AI is "devouring" memory chips; nine major U.S. industries jointly wrote to urge the Trump administration to expand production. 14. Futu: Starting June 12, stock accounts in mainland China will be suspended from buying (opening positions) trades. Earnings announcements: 1. Broadcom Q2 revenue grew 48% year-on-year to $22.187 billion; Q3 AI revenue guidance of $16 billion fell short of expectations. 2. CrowdStrike Q1 revenue grew 26% year-on-year to $1.39 billion, turned profitable with net income of $27.8 million. Noteworthy events during U.S. stock trading hours: 22:00 U.S. May Global Supply Chain Pressure Index (Gelonghui)```

After the release of the initial unemployment claims data, U.S. Treasury yields continued to decline; the latest yield on the 10-year Treasury fell by 3.8 basis points to 4.453%.