Fundamental analytics

XAUUSD

Gold price slightly decreased on Friday (by 0.3%) due to the statements made by the World Health Organization regarding the new coronavirus.    

WTI

Oil prices fell to their lowest level in the last seven weeks of trading amid API reports and rising US oil inventories and concerns over the spread of the deadly strain of coronavirus.

Gold

On Thursday, gold price remains stable due to the growing concerns about the spread of the deadly strain of coronavirus.

WTI

Oil prices continue to decline amid IEA claims of market imbalance in favor of oversupply.

XAUUSD

Gold has declined by 0.4% on Wednesday due to recovery in Asian indices and a stronger USD.  

WTI

Oil prices are in decline despite reports of energy production problems in Iraq and Libya. 

XAUUSD

Gold price increased by 0.4% on Tuesday amid a sharp decline in risk sentiment in the market.   

WTI

The oil market is within an upward trend on Monday due to the news from Libya. Libyan State Oil Company "National Oil Corp." reported the day before that the army of General Khalifa Haftar had blocked the main pipeline.

XAUUSD

Gold maintains a moderately upward-oriented movement vector, as investors doubt the potential success of the interim trade agreement between the United States and China, and fear a trade conflict in the future. 

According to analysts at FortFS, despite the Fed’s pigeon rhetorics, USD will still look attractive in 2020.