GOLD PRICE RISES! OIL PRICES ARE RISING! THE UNITED STATES ANNOUNCES Q2 GDP GROWTH RATE! ANALYSTS: MAY HAVE 'PEAKED'JULY 30, 2021 09:14:19SOURCE: CCTV FINANCEON THURSDAY, US TIME, ALL THREE MAJOR STOCK INDEXES IN NEW YORK ROSE, BUT THE GAINS WERE NOT SIGNIFICANT. THE DOW JONES INDUSTRIAL AVERAGE ROSE 0.44%, THE S&P 500 INDEX ROSE 0.42%, AND THE NASDAQ INDEX ROSE 0.11%. THE MAIN REASON FOR THE RISE IN THE US STOCK MARKET IS THE IMPACT OF THE ECONOMIC DATA RELEASED ON THAT DAY. AMONG THEM, THE US GDP GROWTH IN THE SECOND QUARTER OF THIS YEAR WAS LOWER THAN EXPECTED, BUT IT ALSO MEANS THAT THE FEDERAL RESERVE WILL NOT IMMEDIATELY WITHDRAW ITS LOOSE POLICY MEASURES TO SUPPORT ECONOMIC GROWTH, THUS BOOSTING THE MARKET'S RISK APPETITE.US Q2 GDP GROWTH RATE AT 6.5% ANALYSTS: GROWTH MAY HAVE PEAKEDON THURSDAY, THE LATEST DATA FROM THE US DEPARTMENT OF COMMERCE SHOWED THAT THE US GDP GROWTH RATE FOR THE SECOND QUARTER OF THIS YEAR WAS 6.5%, MAINLY DUE TO THE GOVERNMENT'S FISCAL STIMULUS MEASURES AND AN INCREASE IN PERSONAL CONSUMPTION SPENDING. PREVIOUSLY, SEVERAL MARKET ANALYSTS HAD ANTICIPATED A HIGHER GROWTH RATE IN THE SECOND QUARTER AND BELIEVED THAT THE CURRENT ECONOMIC GROWTH RATE AND INFLATION LEVEL WERE CLEARLY UNSUSTAINABLE, WHICH MEANS THAT THE US ECONOMIC GROWTH RATE MAY HAVE "PEAKED". MARKET PARTICIPANTS ARE CONCERNED THAT THE RECENT RESURGENCE OF THE COVID-19 PANDEMIC IN THE UNITED STATES HAS CAUSED TURBULENCE IN THE FINANCIAL MARKET; IN ADDITION TO ONGOING SUPPLY CHAIN BOTTLENECKS AND LABOR SHORTAGES, THE GROWTH RATE OF THE US ECONOMY MAY SLOW DOWN FROM THE THIRD QUARTER ONWARDS.THE SIGNIFICANT INCREASE IN INTERNATIONAL OIL PRICES IS BELIEVED TO BE MAINLY DUE TO THE WEAKENING OF THE US DOLLAR AND THE RISE IN GOLD PRICES ON THAT DAY.IN TERMS OF INTERNATIONAL OIL PRICES, THE LATEST DATA SHOWS THAT US COMMERCIAL CRUDE OIL INVENTORIES WERE 435.6 MILLION BARRELS LAST WEEK, A DECREASE OF 4.1 MILLION BARRELS COMPARED TO THE PREVIOUS WEEK. IN ADDITION, IRAN RECENTLY ISSUED A STATEMENT ACCUSING THE UNITED STATES OF SUSPENDING NUCLEAR TALKS WITH IRAN, WHICH MEANS THAT THE RETURN OF IRANIAN OIL TO THE INTERNATIONAL MARKET MAY BE DELAYED. THESE FACTORS HAVE INTENSIFIED MARKET CONCERNS ABOUT CRUDE OIL SUPPLY, AND INTERNATIONAL OIL PRICES ROSE SIGNIFICANTLY ON THURSDAY. AS OF THE CLOSE OF THE DAY, THE PRICE OF LIGHT CRUDE OIL FUTURES FOR SEPTEMBER DELIVERY ON THE NEW YORK MERCANTILE EXCHANGE ROSE BY $1.23, CLOSING AT $73.62 PER BARREL, AN INCREASE OF 1.70%; THE LONDON BRENT CRUDE OIL FUTURES PRICE FOR SEPTEMBER DELIVERY ROSE BY $1.31 TO CLOSE AT $76.05 PER BARREL, AN INCREASE OF 1.75%.INTERNATIONAL GOLD PRICES HAVE RISEN SHARPLYON THURSDAY, THE MOST ACTIVELY TRADED DECEMBER GOLD FUTURES ON THE NEW YORK MERCANTILE EXCHANGE ROSE $31.2 FROM THE PREVIOUS TRADING DAY, CLOSING AT $1835.8 PER OUNCE, AN INCREASE OF 1.73%. MARKET ANALYSTS