Local time on July 16, the U.S. stock market after the opening of the Dow Jones index all the way wildly, the highest intraday surge of 777 points approaching 41,000 points, a new intraday record high. As of the close of the Dow soared 1.85%, has risen for 5 days the S&P 500 index rose 0.64%, are refreshed the highest record of the history of the closing, the Nasdaq rose 0.2%. At the same time the price of gold also continued to rise, July 17, as of press release spot gold short pull up! Rising above $2470 / ounce to create a new record high. Market analysis said the Dow, the main reason for the surge in gold prices is the market for the Federal Reserve in September rate cuts are expected to heat up. Traders predicted that the Federal Reserve September interest rate cut possibility of 100%!

Analysts say gold's strength is related to central bank purchases, strong demand in Asian markets (especially China), and escalating geopolitical tensions in Ukraine and the Middle East.

Spot Golden Monday fell back, is expected to continue last week 0.84% decline, Thursday will release the key U.S. Consumer Price Index (CPI) inflation report that could affect the Fed's interest rate outlook.。

Gold prices stagnate at upward resistance level after breaking through March opening range