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[The number of billionaires in the world with a net worth of over $100 billion has increased to 15] According to a report on the website of Fortune magazine on May 17, thanks to artificial intelligence, luxury goods and geopolitical changes, the worlds super-rich club now has 15 members (each with a wealth of over $100 billion), the largest number on record. The Bloomberg Billionaires Index shows that the total net worth of these people has increased by 13% this year to $2.2 trillion, an increase that exceeds inflation and the overall stock market. Together, they own nearly a quarter of the total wealth of the worlds 500 richest people.Governor of Kharkiv, Ukraine: Russias attack on the Kharkiv region on Sunday has killed 10 people.[Armed conflict hits domestic industrial system hard, Sudans trade deficit reaches 4.8 billion US dollars in the first quarter] According to Sudanese media reports on the 19th local time, Sudans Minister of Trade and Supply Yusuf said that Sudans trade deficit in the first quarter of this year reached 4.8 billion US dollars. Among them, the total export volume was 3.8 billion US dollars and the total import volume was 8.6 billion US dollars. It is understood that Sudans ongoing armed conflict has destroyed the countrys industrial system, and 85% of Sudans factories have been damaged. This has forced the Sudanese government to import large amounts of daily necessities such as sugar, tea, milk, and flour from overseas to meet domestic demand. Yusuf said that the influx of Sudan also includes uncontrolled imported goods, which has led the Sudanese Ministry of Trade and Supply to implement stricter import and export control measures.According to the Times of Israel: Azmi Abu Daqqa, a senior Hamas operative, was killed in an Israeli airstrike.[The Dow Jones Industrial Average closed above 40,000 points for the first time, and US stock analysts continue to be bullish] The US blue-chip stock index Dow Jones Industrial Average closed above 40,000 points for the first time in its 128-year history, a milestone reached as the bull market continues to advance. After the inflation report rekindled the markets hope that the Federal Reserve would cut interest rates, the stock market hit its longest weekly positive cycle since February this year. Strong corporate earnings also drove the stock market higher. "We maintain our bullish stance." Blue-chip stock analyst Larry Tentarelli said. He pointed out that "if this situation continues," it will lay the foundation for the Dow Jones Index to stand above 42,500 points by the end of this year. Mark Newton, an analyst at the US "Fund Strategy" global consulting firm, said: "The bullishness is correct, and the market consolidation will make the S&P 500 more attractive to further rise and stand above 5,400 points. It is a difficult choice for investors to choose to wait for the possible consolidation. But I think the facts will prove that any weakness is temporary."

Weekly Gold Price Prediction: Gold Markets Fall

Alina Haynes

Jul 11, 2022 11:38

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Over the course of the week, gold markets have taken a beating, breaking through the $1800 level, the uptrend line, and eventually the $1750 level. Despite the fact that the market is expected to continue to trend downward strongly, we may have a brief rebound because we are now oversold. It would be fascinating to observe whether or not there is a comeback rally after the attempts to stabilize on Thursday and Friday.

 

On the other side, it would indicate that we are headed significantly lower if we were to break down below the week's candlestick low. Having said that, I won't be persuaded about a significant shift until we break over the top of this candlestick. The US currency has a significant impact on this market as well, and it should be noted that the US dollar has been very strong. Consequently, it is clear that the situation with regard to the gold market has changed.

 

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If we were to reverse course and take out this candlestick, one would have to speculate that perhaps we are about to move to the $1880 level. However, I believe that given enough time, we will view this as a situation where we absolutely continue to go to the downside. A move to the $2000 level is possible if that level is broken, but I wouldn't hold my breath for it to happen. At this moment, the market is more likely than not going to experience further high volatility. Keep the size of your position acceptable.

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