Fundamental analytics

WTI

On Tuesday oil prices fell having recouped more than half of the gain of the previous trading day. 

XAUUSD

On Tuesday gold is trading in different directions, holding in a fairly narrow range. 

The Chinese yuan ends the 3rd quarter with maximum growth against the US dollar in more than 10 years. 

WTI

Oil prices are declining today due to rising COVID-19 cases and high levels of energy supplies.

XAUUSD

During the Asian trading session on Monday, gold remained in the red zone due to the publication of positive data from China on the growth of profits of manufacturing companies.    

On Sunday, the National Bureau of Statistics of China reported that profits of manufacturing companies in August increased by 19.1%, compared to the same period last year. 

XAUUSD

Despite the weakening of the dollar, gold is trading with a moderate decline today. Demand for gold is declining due to growth of major stock indexes.

The US Democratic Party is preparing a proposal for a new (shortened) package of support for the economy. 

WTI

At the beginning of the European trading session, oil prices resumed their upward movement. 

XAUUSD

On Thursday, gold continues to move down due to a large-scale strengthening of the USD.