Let me explain the reason for the big drop in the early morning today:

The non-farm payroll data reflects the employment situation in the US non-agricultural sector and is released by the US Department of Labor once a month. The changes in non-farm data can reflect the health of the US economy, thereby affecting the exchange rate, interest rates, and the market trends of the US dollar, interest rates, and stock market. The price of gold is closely related to the exchange rate, interest rates, and the market trends of the US dollar, interest rates, and stock market, so the non-farm payroll data will also have an impact on the price of gold.
Better-than-expected non-farm data usually leads to an increase in the US dollar exchange rate, thereby suppressing gold prices. This is because the appreciation of the US dollar makes gold priced in US dollars more expensive, reducing the demand for gold. Conversely, worse-than-expected non-farm data usually leads to a decrease in the US dollar exchange rate, thereby pushing up gold prices. This is because the depreciation of the US dollar makes gold priced in US dollars cheaper, increasing the demand for gold.
In addition, non-farm data will also affect the trend of interest rates and the stock market. If non-farm data is better than expected, it may lead to a rise in interest rates and a pump in the stock market, thereby reducing the demand for gold. Conversely, if non-farm data is worse than expected, it may lead to a decrease in interest rates and a fall in the stock market, thereby increasing the demand for gold.
Therefore, the impact of non-farm data on the price of gold is complex and requires comprehensive consideration of multiple factors. Investors need to closely follow the changes in non-farm data and analyze and judge in combination with other factors when trading gold.