US dollar suffers largest monthly loss in 2024.. Gold extends shining

Despite the panic that hit global markets at the beginning of August, US and European indices ended the month with gains, as the S&P 500 index rose for the fourth consecutive month, and the Euronext 100 index rose by 0.6%.

This comes after the US Federal Reserve Chairman confirmed that it is time to start cutting interest rates, and fears of the US economy entering a recession receded, according to the CNBC network.

This week, all eyes are on the release of non-farm payrolls data for August, along with the unemployment rate, which is expected to slow to 4.2%.