The US has completely bid farewell to the top credit rating club, and gold surged sharply at the opening on Monday, hitting 3240!

· Moody's downgraded the U.S. sovereign credit rating from Aaa to Aa1, while revising the outlook from "negative" to "stable." This news is negative for the U.S. dollar and stocks. · Trump: Will impose new tariffs on many countries in the next two to three weeks. This news is negative for the US dollar and US stocks. · U.S. one-year inflation expectations hit the highest level since 1981 in May; consumer confidence edged down to the second-lowest level in history, but ended four consecutive months of sharp declines. This news is negative for the U.S. dollar and U.S. stocks.