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Global new viruses continue to wreak havoc. In the past week, the cumulative number of infected people in novel coronavirus exceeded 16,200, and the number of confirmed deaths increased to over 648,000.

The United States continues to be the country with the most infections in the world with 4.3 million cumulative infections.

Following the announcement in mid-July that Pfizer Pharmaceuticals and German Biotechnology, two major pharmaceutical companies listed in the United States, have made good progress in research and development of anti-COVID-19 vaccine and are expected to launch the market at the end of the year,

Last week, Oxford University announced that it had developed a vaccine with a pharmaceutical factory, which would help the immune system to fight against this new epidemic virus.

The market has abundant funds. After a four-day marathon meeting last week, the leaders of the 27 EU countries finally reached an agreement on a "recovery fund" of 750 billion euros;

At the same time, the meeting also approved the budget of 1 trillion euros for the next seven years. The market is telling us that the United States has to take relief measures for enterprises and people all over the country again in response to the epidemic.

Some experts estimate that the new bail-out measures need about $1.5 trillion to stimulate the weak US economy. The United States announced that the number of people applying for unemployment benefits for the first time last week was 1.416 million, the first increase in four months.

It shows that the labor market is still weak and enterprises have not really recovered. The competition between China and the United States has heated up and intensified.

On July 24, the US State Department officially announced that Hong Kong will no longer enjoy the special status treatment provided by the United States from the moment of announcement, based on the Hong Kong Autonomy Law and an executive order signed by President Trump.

Including entry visas and tax treatment, the United States will also stop exporting sensitive technologies to Hong Kong. Aft that United states request the closure of the Chinese consulate general in Houston, China also took equivalent countermeasures,

Inform the United States to close the Consulate General in Chengdu. The Chinese People's Liberation Army announced that it would begin live-fire exercises for two weeks in the waters west of Leizhou Peninsula on July 25, and still conduct military exercises under such sensitive circumstances.

Is it a demonstration or is it really an internship war rehearsal? However, whatever the motive, it is extremely provocative and dangerous. Australia opposes China's claim of sovereignty over the South China Sea by means of the nine-dash line, and sends aircraft carriers to cruise in the South China Sea waters.

At the same time, it will hold a ministerial meeting with its ally, American Trade. Due to the flood of funds in the market and the tense geographical situation, the US dollar index fell below 95, and the gold price hit a new high this year for six consecutive trading days since last Friday.

It is getting closer and closer to the historical high of $1,920.30 per ounce set in September 2011. The highest price was $1,901 per ounce at $1,906.6, and it is expected to peak again today.

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