Gold price drop from record high. US oil reaches 70 US dollars.

Gold price falls

Spot gold refers to $ 1892.75 / oz, falling $ 6.20 or 0.33%, and the disk has once touched a 1903.73 US dollar / oz high, but then encountered huge amount of funding and refreshed the day as low as $ 1883.64 / oz.

Comex August gold futures fell 0.2%, reported $ 1894.40 / oz.

Analysts pointed out that the US Consumer Price Index (CPI) that will be announced on Thursday may cause concerns about the Fed will begin to reduce their loose monetary policy, thus pushing low price.

In April, CPI rose to 4.6% from March to 4.2%, and gold fell more than 1% on the date of data release, which again showed the sensitivity of gold to inflation data and showed that CPI unexpectedly rising can bring gold. Stress, and vice versa.

Oil price rises

The US government has greatly raised the expectation of international oil prices in 2021, which is slightly lowered in 2022. The two major crude oil futures have doubled. As of press, US WTI crude oil has risen 82 cents in July, gains 1.18% to $ 70.05 / barrel; Brent's crude oil futures rose 73 cents, rose 1.02% to $ 72.22 / barrel.

EIA is expected to be USD $ 61.85 / barrel in 2021, which is expected to be $ 58.91 / barrel; it is expected to be $ 65.19 / barrel in 2021, which is expected to be $ 62.26 / barrel; it is expected to be USD $ 56.74 / Bucket, previously expected to be $ 56.99 / barrel; it is expected to be $ 60.49 / barrel in 2022, which is expected to be $ 60.74 / barrel.

A oil engineer in Waha Oil Company and Libya Al-Samah Field said on Tuesday that pipeline leaks in the oil field may cause pumping operations to be suspended. The oilfield serves an official of the Sidra Port, and an official of the port said that the current production of oil fields is approximately 285,000 barrels per day. Oil field oil engineers said that yesterday, leakage of the same pipeline connected to Al-Samaha and Sidra Hong Kong has been controlled, but leaks have occurred today.

US stocks finish in mixed territory

The market continued to wait and see inflation situation, the US consumer price index (CPI) will be announced on Thursday, US CPI, economist expectations, May CPI, 4.7% year-on-year, May 4.2 %; The core CPI expects 0.4% monthly, which is 3.4% year-on-year. In addition to observing inflation pressure, it will also seek any clues to the Fed policy position.

The S&P 500 ended slightly higher Tuesday, pushing the index to its third-highest close on record, after a trading day marked by narrow swings between gains and losses.

The broad benchmark index climbed 0.74 points, or less than 0.1%, to close at 4227.26—putting it 0.1% away from a fresh record. The Nasdaq Composite also rallied, climbing 43.19 points, or 0.3%, to 13924.91. That marked the index’s third consecutive session of gains thanks to a Tuesday rebound in technology and growth stocks includingAmazon.com, Apple and PayPal.

The Dow Jones Industrial Average, in contrast, fell 30.42 points, or 0.1%, to 34599.82.

US dollar rose slightly

With the announcement of economic data, the US dollar has risen slightly. As financial markets fell in a row of second consecutive trading days, investors have poured into the dollar to seek some degree of risk

US dollar rose against the yen, the pound and the Australian dollar, fell against the euro, and the Canadian dollar was maintained.

The first quarter of the euro zone decreased by 1.3%, and the decline was lower than the initial estimation, further showing the region with better resuscitation than earlier.

This will be an important week for financial markets and currency and fiscal policies, because inflation data in May will be announced. Preliminary estimate, US annual inflation rate will reach 4.7%.