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July 2, London spot gold prices rose 25.7% in the first half of 2025 (January 1 to June 30), the largest half-year increase since the second half of 2007. "International gold prices will remain in a volatile upward channel in the second half of the year." Bai Xue, senior deputy director of Fang Jinchengs research and development department, believes that the markets risk aversion demand will still exist in the second half of 2025, which will provide long-term support for gold prices. In addition, the global central banks willingness to allocate gold is still strong. As the credit risk of the US dollar intensifies, central banks of various countries will strengthen their gold reserve layout based on strategic security and asset allocation needs.U.S. Treasury Secretary Benson: (When asked if he thinks Federal Reserve Chairman Powell will cut interest rates before the fall) I think they may act earlier than the fall, but they will definitely cut interest rates in September at the latest.U.S. Treasury Secretary Benson: Its "a little confusing" that tariffs didnt push the Fed to cut rates.On July 2, the Egyptian Ministry of Petroleum issued a statement saying that it had received a report from the oil and gas production company OSOCO that the barge "Adam Ocean 12" capsized in the Zait Mountain area in the Gulf of Suez. A working group led by the Egyptian Minister of Petroleum and Mineral Resources and the Minister of Labor has rushed to the scene of the accident to assess the situation and supervise the rescue operation. According to official sources, there were about 30 people on the barge. The bodies of the four victims have been found, 23 people have been successfully rescued, and several missing people are still being searched and rescued. The source said that the capsized barge was operating in the Red Sea at the time. The cause of the accident is still under investigation.US President Trump: Our representatives held long and productive talks with Israel today regarding Gaza. Israel has agreed to the necessary conditions to finalize a 60-day ceasefire. During this period, we will work with all parties to try to end the war.

S&P 500 Continues to Threaten a Breakout

Alice Wang

Jul 20, 2022 14:50

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As we continue to pose a serious danger of a large breakthrough, the S&P 500 has surged pretty considerably throughout Tuesday's trading session.

Technical Analysis of the S&P 500

Due to the continued loud behavior, the S&P 500 has shown its bullishness throughout Tuesday's trading session. Given that the 3900 region runs all the way to 3950, this market will likely continue to be highly loud. Additionally, the 50 Day EMA is also nearing this region, and earnings season is already underway. Or, to put it another way, it's a jumble of issues waiting to happen.


Short-sellers will almost certainly seize on signs of tiredness because, to be honest, the economics does not indicate that this market should rise. Additionally, there are significant issues with liquidity, so you must pay great attention to it as well. Even if the economy does have some impact on the stock market, it really really comes down to liquidity, thus the Federal Reserve's restrictive monetary policy will also have some negative effects.


Wall Street has been pretending for a while now that the US economy has improved, so when it genuinely struggles, it should not come as a major surprise that they are trying to drive the market higher. Keep in mind that Wall Street and the economy are unrelated in any way. Having said that, we have a chance to advance all the way to the 4200 level if we do break over the 4000 level. I believe the trend has shifted above that point.


Alternately, if we go below the 3700 level, it's likely that we will reach the 3640 level, which previously served as a support zone.