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On March 21, according to the US-based "War Zone" website, the Pentagon confirmed that a US F-35A fighter jet operating over Iran made an emergency return and landed at an undisclosed US military airfield in the Middle East. Video released by the Iranian Revolutionary Guard shows the stealth fighter jet being attacked. Foreign media reports suggest this may be the first time an F-35 has been hit in combat since its introduction, setting a new world record for air combat.On March 21, German Chancellor Merz stated at an event in Bad Duckheim, Rhineland-Palatinate, Germany, on March 20 that he had intended to invite US President Trump to the local wine festival in 2026, but he was unsure if Trump would be willing to attend because Trump is currently "not very happy" with him. Furthermore, Merz said that Germany currently holds "completely different views" from the US on some issues. He also stated that the "Make America Great Again" movement is unrelated to other countries, and that Germany holds different views on American culture, media products, and some democratic ideals.On March 21, the Israel Defense Forces (IDF) issued a statement saying that Iran recently launched a ballistic missile carrying a cluster bomb warhead into central Israel. IDF rescue forces stated that Iran launched a ballistic missile carrying a cluster bomb warhead into central Israel, causing damage to three locations in Rishon LeZion.March 21 (Tasnim News Agency) – Iran has warned residents of Ras Al Khaimah in the United Arab Emirates, urging them to evacuate via designated routes. The report stated that Ras Al Khaimah is likely to become a target in the near future, given its use in operations against Iranian islands. The Iranian Islamic Revolutionary Guard Corps posted on social media that Ras Al Khaimah would suffer severe damage if Iranian islands were attacked again from the UAE.March 21 – The Ukrainian National News Agency reported today (March 21) that a Ukrainian delegation has arrived in Miami, Florida, and will hold bilateral talks with US representatives that day. The Ukrainian delegation includes Umerov, Secretary of the National Security and Defense Council; Budanov, Chief of Staff of the Presidential Office; Kislitsa, First Deputy Chief of Staff of the Presidential Office; and Allakhamia, Chairman of the Parliamentary Faction of the Servant of the People Party. The US delegation includes US Presidential Envoy Witkov and Jared Kushner, former senior White House advisor and Trumps son-in-law. This is reportedly the first bilateral meeting between Ukraine and the US since the large-scale military action launched by the US and Israel against Iran on February 28.

Once Again, Gold Plunges While the Dollar Soars; 'Hot Inflation' Data Awaited

Haiden Holmes

Jul 13, 2022 11:01

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Gold has retreated to the mid-$1,700 level as a result of another day and another twenty-year high for the dollar.


Gold futures for August delivery settled at $1,724.80 per ounce on the New York Comex, down $6.90, or 0.4%.


Even though the week has just begun, the gold benchmark contract on the Comex is already down 1%. This extends gold's four-week decline, which has resulted in a cumulative loss of $150, or 8%, since the week ending June 3. Gold has declined by 6 percent year-to-date.


The Dollar Index, which measures the U.S. dollar to six other major currencies, has surpassed 108 since October 2002.


"Gold prices are clinging to life as the dollar's surge hits a key milestone," said OANDA analyst Ed Moya.


"Gold will eventually see safe-haven flows, but only after a firm dollar peak has been established. The very volatile inflation figures scheduled to be released tomorrow will likely challenge gold's capacity to sustain its position above $1700.


Inflation in the United States has been at four-decade highs since late last year, with the widely followed Consumer Price Index climbing at an annualized rate of 8.6 percent as of May. The report for June is expected to show an 8.8 percent increase on Wednesday.


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