Fundamental analytics

XAUUSD

On Thursday morning gold slightly declined after moderate gains of the previous day. 

Due to Hurricane Laura, American oil companies reduced production by 1.56 million barrels per day (84% of total production in the Gulf of Mexico) and evacuated 310 offshore production facilities.

WTI

Oil price dynamics are positive due to a decrease in oil production in the Gulf of Mexico and a positive outcome of negotiations between the US and China.  

XAUUSD

Today gold is in the green zone due to the weakening of USD. Today the USD index has dipped by 0.1%. Gold remains closely inversely correlated with the US currency.

WTI

Crude oil prices increased on Monday amid reports of more than doubling oil production in the Gulf of Mexico.

XAUUSD

Gold is constrained in a very narrow range today amid a shortage of important economic and geopolitical news.

There is a high degree of uncertainty in financial markets.   

There is still no strong trend on financial markets. 

XAUUSD

Gold is constrained in a narrow range on Friday, holding position near the highs of the previous trading day.

The American pharmaceutical company Pfizer intends to provide a new vaccine against COVID-19 for state examination in October.