Abstract: The problem of vaccines has caused more concerns in the market, has a strong stimulating effect on risk aversion, and has a great support effect on precious metals.

On July 13th, the Washington Post quoted four people familiar with the matter as reported on Monday that the US Food and Drug Administration is expected to issue a new warning for Johnson & Johnson's new crown vaccine, saying that the vaccine is related to serious but rare side effects, Guillain-Barré syndrome. There is a connection. The vaccine problem has caused more concerns in the market, has a strong stimulus effect on risk aversion, and has a great support effect on precious metals.

Overview of Spot Gold Trends

On Tuesday (July 13) in the Asian market in early trading, spot gold continued its rebound trend, and the price of gold is now at around $1,808 per ounce. As of press time, spot gold was quoted at $1811.74 per ounce, an increase of 0.3%.

On Monday, the gold price trend staged a "great reversal." Spot gold hit a minimum of US$1,79.45 per ounce in the intraday trading. However, driven by the dovish comments of Fed officials, the US dollar fell from its high level and the price of gold rebounded sharply above US$1,800 per ounce. Spot gold closed at $1806.14 per ounce on Monday.

US Federal Open Market Committee (FOMC) permanent vote committee and New York Fed chairman Williams said that the US economy has not yet reached the standard of "substantial further progress" to reduce debt purchases.

News side

Johnson & Johnson vaccine poses new risks! FDA will post rare disease side effects warning

The Washington Post quoted four people familiar with the matter as reporting on Monday that the US Food and Drug Administration is expected to issue a new warning for Johnson & Johnson's new crown vaccine, saying that the vaccine is associated with serious but rare side effects, Guillain Barre syndrome.

Guillain-Barre syndrome is an acute muscle paralysis caused by the immune system damaging the peripheral nervous system.

The Centers for Disease Control and Prevention said in a statement that after 12.8 million doses of Johnson & Johnson vaccine were vaccinated, about 100 preliminary reports of Guillain-Barre syndrome have been discovered. These cases were mainly reported about two weeks after vaccination, mainly men, many of whom were 50 years of age and older.

According to people familiar with the matter, officials are expected to emphasize that the Johnson & Johnson vaccine is safe and its benefits significantly outweigh the potential risks. Nevertheless, the warning will still bring the latest blow to Johnson & Johnson vaccine.

As of the publication on July 12, there are 33,878,496 cases of the new coronavirus in the United States, of which 607,415 people have died. There were 6,164 new cases and 24 new deaths within 24 hours.

The latest data from the Centers for Disease Control and Prevention (CDC) show that 159,499,224 (48%) people in the United States have completed the vaccination, and 184,365,333 (55.5%) people have received at least one dose of the new crown vaccine.

With the rapid spread of Delta virus, the number of cases in hot spots in the United States continues to rise. Health experts warn that the number of deaths from the new crown in the United States may soon see an alarming increase.

Data show that in the past 7 days, the United States has an average of 19,455 new infections every day, an increase of 47% from a week ago. One third of this came from five hotspots, including Florida, Louisiana, Arkansas, Missouri and Nevada.

U.S. consumer short-term inflation expectations hit a record high

According to a monthly survey released by the New York Fed on Monday, American consumers expect that the economy will continue to recover rapidly from the new crown epidemic in the next year, and forecasts for inflation, income, income growth and spending have all increased in June.

The survey shows that in June, the median consumer inflation expectations for the next year rose for the eighth consecutive month, rising from 4.0% in May to 4.8%, setting a new high since the survey was launched in 2013; inflation expectations for the next three years remain 3.6 %constant.

The Fed’s preferred inflation indicator has soared to the fastest annual growth rate since 1992, which is far higher than the Fed’s 2% target. However, as the supply bottleneck caused by the epidemic begins to recede, policy makers still have questions about how long the higher inflation data will last. There are differences.

The survey shows that consumers are becoming more and more confident in the job market. In June, the average expectation that the unemployment rate in the United States will be higher in the next year fell from 31.9% in May to a low of 30.7%; respondents expect the probability of unemployment in the next year to also fall to a record low.