Federal Reserve's MUSALEM said the labor market appears to be performing strongly.

Anhui Quantum Computing Chip Key Laboratory says a joint team from Benyuan Quantum and the University of Science and Technology of China proposed a parameter-space-extended controlled-phase gate (PSE-CZ) that addresses the long-standing speed versus fidelity constraint in superconducting quantum computing, enabling faster two-qubit gates with substantially higher precision. The results are published in Physical Review Letters and were experimentally validated on China’s domestically developed superconducting quantum computer "Benyuan Wukong".

Spot gold climbed, briefly topping $4,300/oz intraday to a seven-week high; futures extended recent gains. The rise transmitted to China’s retail market: Shenzhen Shuibei wholesale quotes for 999 fine-gold jewelry are around 1,100 yuan/gram, about 50 yuan higher than two days ago. Buying patterns have shifted from the year‑start panic buying — investors are broadly more cautious; demand is now concentrated in wedding-related and value-preservation purchases. Gold recycling and trade‑in activity is uneven across the market.