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The coming weeks will be a critical period for the US stock market, one that will determine whether its latest rebound can continue. Employment data, key inflation indicators, and the Federal Reserves interest rate decision will all be released over the next 14 trading days, setting the market tone for investors. The stock market appears to be at a crossroads: the S&P 500 just posted its weakest monthly gain since March, with September historically its worst month. Meanwhile, market volatility has all but vanished. The VIX index, a fear index, has only touched the key 20 level once since late June. "Investors are right to be cautious in September," said Thomas Lee, head of research at Fundstrat Global Advisors. "The Fed is resuming a modest rate-cutting cycle after a long pause, making it difficult for traders to determine their positioning." The long-term US stock bull predicts the S&P 500 will fall 5% to 10% this fall before rebounding to between 6,800 and 7,000 points.European Commission President Ursula von der Leyen: The EUs new 150 billion euro plan to accelerate investment in the EUs defense industry will benefit Poland the most.U.S. Trade Representative Greer: Continue to advance trade negotiations after the tariff ruling (made by the U.S. court).On August 31, Yuzhou Group announced on the Hong Kong Stock Exchange that during the six months ending June 30, 2025, the contract sales amount reached RMB 3.729 billion, a year-on-year decrease of 14.21%; revenue was RMB 2.397 billion, a year-on-year decrease of 62.42%; the loss attributable to the parent companys owners was RMB 5.632 billion, and the loss attributable to the parent companys owners in the same period last year was RMB 6.256 billion.Kremlin: European countries are hindering Trumps efforts on Ukraine.

Once Again, Gold Plunges While the Dollar Soars; 'Hot Inflation' Data Awaited

Haiden Holmes

Jul 13, 2022 11:01

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Gold has retreated to the mid-$1,700 level as a result of another day and another twenty-year high for the dollar.


Gold futures for August delivery settled at $1,724.80 per ounce on the New York Comex, down $6.90, or 0.4%.


Even though the week has just begun, the gold benchmark contract on the Comex is already down 1%. This extends gold's four-week decline, which has resulted in a cumulative loss of $150, or 8%, since the week ending June 3. Gold has declined by 6 percent year-to-date.


The Dollar Index, which measures the U.S. dollar to six other major currencies, has surpassed 108 since October 2002.


"Gold prices are clinging to life as the dollar's surge hits a key milestone," said OANDA analyst Ed Moya.


"Gold will eventually see safe-haven flows, but only after a firm dollar peak has been established. The very volatile inflation figures scheduled to be released tomorrow will likely challenge gold's capacity to sustain its position above $1700.


Inflation in the United States has been at four-decade highs since late last year, with the widely followed Consumer Price Index climbing at an annualized rate of 8.6 percent as of May. The report for June is expected to show an 8.8 percent increase on Wednesday.


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