Gold Daily Fundamental Analysis Gold prices were little changed on Tuesday, as the falling value of the U.S. dollar was overshadowed by easing inflation in Europe, where the Euro Zone CPI flash estimate showed inflation eased in May to 2.7% from 2.8%, moreover, easing concerns from the European debt crisis, as news emerged Greece could soon receive a bailout and will avoid a total restructure to its debt boosted confidence among investors and put some downside pressure on gold prices. Gold prices will depend heavily on the data that is due to be released on Wednesday, where manufacturing data from Europe and the U.S. will move markets, however, markets will be eyeing key data from the U.S. labor market, as the ADP employment report is due to be released, and markets will pay close attention to the ADP, since it’s released two days ahead of the infamous jobs report. Wednesday June 01: Germany’s final PMI Manufacturing for May is due at 07:55 GMT and expected unrevised at 58.2. The euro area’s final PMI Manufacturing for May is due at 08:00 GMT and expected unrevised at 54.8. The U.S. economy will publish at 12:15 GMT its ADP employment change for May, which is to show 175,000 added workers from 179,000 the previous month. Furthermore, the ISM manufacturing for May has a heavy effect on the market movement, which will be release at 14:00 GMT and expected to retreat to 58.8 from 60.4 during April. At 14:00 GMT, the U.S. economy will issue its construction spending for April, where it's expected to come at 0.5% from the previous reading of 1.4%. Crude Oil Daily Fundamental Analysis Crude oil prices rose on Tuesday as easing fears from the European debt crisis pushed the U.S. dollar lower and encouraged investors to buy higher yielding assets including oil, which boosted crude oil prices to rise near $103 a barrel. Crude oil prices will probably fluctuate on Wednesday, since important economic data will be released from Europe and the United States, but if optimism continues in financial markets, we should expect crude oil prices to extend their gains. We should note that the EIA report for oil inventories will be released on Thursday rather than Wednesday due to the Memorial Day holiday in the United States earlier this week. Wednesday June 01: Germany’s final PMI Manufacturing for May is due at 07:55 GMT and expected unrevised at 58.2. The euro area’s final PMI Manufacturing for May is due at 08:00 GMT and expected unrevised at 54.8. The U.S. economy will publish at 12:15 GMT its ADP employment change for May, which is to show 175,000 added workers from 179,000 the previous month. At 14:00 GMT, the U.S. economy will issue its construction spending for April, where it's expected to come at 0.5% from the previous reading of 1.4%. Natural Gas Daily Fundamental Analysis Natural gas prices rose on Tuesday to a fresh 3-week high, where speculations of rising demand for power-plant fuel due to above than normal temperatures for this time of the year in the East and Midwest of the United States. Natural gas prices will probably continue to rise on Wednesday, since weather forecasts suggest temperatures will remain above than average through Saturday, and that should prove natural gas prices with more upside momentum.

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