【Market Morning】Crude oil demand is optimistic while gold V-shape drop $ 33
The Fed is coming this week! Demand for crude oil is increasing, and the Iraqi talks have not been resolved, and the US oil displaced is hit by a high level of 32 months; gold price "shocked" largely drop of $ 33.

Gold prices fell 1.7%
Spot gold referred to $ 1865.96 / oz, a drop of $ 11.65 or 0.61%, and the disk has once again touched a low point of $ 1844.72 USD / oz, a large $ 33 / oz, but subsequently rebounded above $ 1860 / oz. Last week, spot gold had fallen $ 13.66 or 0.72%.
COMEX August gold futures fell 0.7%, reported $ 1865.90 / oz, and a new low in recent months.
Blue Line Futures Chief Market Strategist Phillip Street said that some gold may be closed before the Policy Conference started on Tuesday.
"The Fed, the Fed, it is possible to suggest the scale of the debt, which should be compressed", Streible. He added that the Fed has been "clear" liquidity from the system, which also makes the gold constitute a pressure. He refers to the surge in the Fed's counter purchase last week.
Dollar remains stable
The US dollar exchanges the main currency changes in the basket, and the dealer is waiting for the Federal Reconciliation conference that is expected later this week, the meeting may indicate the changes in US monetary policy prospects.
The exchange market is settled in a narrow investment, implies fluctuation rates falling to many years, because of the strong inflation data last week, and the mild European central bank meeting failed to pull the market from recent investment level.
Jefferies Exchange Business Supervisor Brad Bechtel said in a report, "Everything in this week is related to the Federal Open Market Committee (FOMC), we will pay close attention to how much about the scale of scale, and whether there is any development of medium-term prospects influences."
Measuring the US dollar index of the US dollar against a basket of six currency exchange rates is roughly flat on the same day, and the United States is closed at 90.52. Last week, the index rose 0.4%, a change in the maximum cycle since the five weeks.
Deutsche Bank Forex Volatility Index fell to 5.6 on Friday, the lowest in nearly 16 months.
The US dollar / yen rose 0.38% to over a 10.09 high.
The recent announced data shows that inflation has soared, which makes people worry about the price of price rebound after newzignia, may force policy makers to reduce currency depreciation stimulus programs in advance.
US stocks closed up
The road refers to the fall of 85.39 points, the decline is 0.25%, and the 34394.21 points will be reported; the S & P 500 index rose by 7.96 points, the increase of 0.19%, the report is 4255.40 points; the nation finally broke the record high, the record of 104.72 points, 0.74% increase, reported 141,74.14 points.
Apple and Netflix share price increased by 2%, Amazon, Microsoft and Facebook's share price also rose.
Tesla CEO Elon Mask said on Sunday, once the miner's reasonable use of clean energy, the company will recover than Bitcoin transactions, which boosts the popularity of the encrypted monetary market. On Monday, Bitcoin prices rebounded to more than $ 40,000, and Tesla (Tesla) has risen 1.28%.
Crude oil continues to rise
The market's demand for crude oil is increasing, and the prospect of Iran crude oil returns seems to be more far more distant than the initial expectations, and the two major crude oil futures have risen in a lot of swayings. As of press time, US WTI crude oil July futures close, only 3 cents, 0.04% drop, to $ 70.88 / barrel. It has a 32-month high of $ 71.78 / barrel; Brent's futile has risen by 17 cents, an increase of 0.23%, a report of $ 72.64 / barrel, and a high level of $ 73.64 / barrel.
OPEC is called in the monthly report on Thursday, mainly from China and the United States strong consumption, especially with the second half of 2021, with economic growth and border, this year's global oil demand will increase from 2020 to 6 million Barrel / day.
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