AiCoin | Snapshot on July 24: Gold Plunges, House of Representatives Restricts Presidential Powers, U.S. Stocks Plunge at Opening

1. The U.S. House of Representatives passed the Iran "War Powers Act" resolution, requiring Trump to halt military actions against Iran. 2. The number of initial jobless claims in the U.S. for the week ending July 18 was 187,000, lower than the expected 212,000. 3. Spot gold fell 2.00% in the day to $4,046.92 per ounce, and silver dropped 4.00% to $57.30 per ounce. 4. European Central Bank President Lagarde said there is currently no pressure to raise interest rates. 5. U.S. President Trump said the United States should maintain its lead in the cryptocurrency field to prevent being overtaken by China. 6. U.S. stocks opened lower, with the Dow Jones falling 573 points, the Nasdaq down 440 points, and the S&P 500 index dropping 1.13%. 7. SpaceX’s stock price fell below its issue price; short sellers made $15.5 billion in book profits and increased their short positions. 8. The European Union has imposed sanctions on more than 100 banks and cryptocurrency operators as well as over 40 shadow fleet vessels. These are the highlights from the past 24 hours. Click to read the full article: https://www.aicoin.com/article/545721