Volatility in financial markets has increased amid the advancement of the US fiscal bill and the prospects for the growth of government debt. Investors are showing growing concern about the US fiscal trajectory. The raising of the government debt ceiling and the expectation of more spending has triggered a flight from the dollar, which is experiencing its worst half-year since the 1970s. The dollar index has plunged to lows since March 2022.Gold, on the other hand, is showing gains, adding 27% since the beginning of the year. General uncertainty and instability of foreign trade undermine confidence in U.S. assets and provoke reallocation into protective instruments.The zone of $3320-3350, which we wrote about earlier, acted as a local resistance. In case of its overcoming, a new wave of sellers' activity may be met by the market when approaching the $3400 mark. In case of decline, the nearest significant support may appear in the area of $3300.