Fundamental analytics

XAUUSD

At the start of the new week, gold is on the rise of 0.4% amid falling USD pressure and tensions between the US and China.

According to Caixin, the Supply Managers Index (PMI) for China 's manufacturing sector rose from 49.4 to 50.7 points in May, hitting a four-month high. 

The financial markets remain tense.  

Financial markets had a fairly calm trading week. 

XAUUSD

Gold trading is mixed today. 

This morning, the Australian dollar strengthened 0.3% against the US dollar.

WTI

Oil prices continue to move down. Investors react to the publication of weekly API data and reports of a possible increase in oil production in Russia.

XAUUSD

During Asian trading session gold moved to the green zone (+ 1.3%). 

Secretary of State Mike Pompeo said that the United States no longer considers Hong Kong a highly autonomous region from China.

WTI

Brent and WTI crude oil are both constrained in the red zone on Wednesday.