Gold Dipped, USD Up, Stocks Down + Commodities

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								Gold Dipped, USD Up, Stocks Down + Commodities

Gold Dipped, USD Up, Stocks Down + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT

  • Gold Prices Dipped
  • USD Up
  • Crude Oil Fell
  • Asian Stocks Down

In Asia

Gold: Gold prices dipped Wednesday, retreating from a more than 5-week high marked in Tuesday’s session.

  • Spot gold was off 0.3% at $1,234.71 oz, as of 0422 GMT
  • US gold futures were down 0.5% at $1,240.2 oz.

Gold is mainly tracking USD in here, and Wednesday’s move in prices is because Tuesday prices were up significantly, and traders took some money off the the table.

Energy: Crude Oil prices fell Wednesday, pulled down by swelling US  inventories and a dive in global stock markets as China’s government warned of increasing economic headwinds in the face of Trump Tariffs.

  • ICE Brent Crude Oil futures were at $60.87 bbl at 0508 GMT, down $1.21, or 2%, from Tuesday’s close.
  • NYMEX WTI Crude Oil futures were at $52.33 bbl, down 92c, or 1.7%.

My works says that WTI Crude Oil could soon test support at $51.75 bbl, and Brent Crude Oil to drop below $60 bbl again soon.

Brent Crude Oil and WTI Crude Oil have averaged $72.80 and $66.10 bbl YTD.

Stocks:  Asian stocks down across the board Wednesday, pushed down by Wall Street as sharp declines in long-term US Treasury yields and resurgent trade concerns stoked investor worries about global economic growth.

Spread-betters expected European stocks to open lower, with Britain’s FTSE .FTSE losing 0.9%, Germany’s DAX .GDAXI falling 1.2% and France’s CAC .FCHI retreating 1%.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 1.5%.

USD: The US Dollar (.DXY) measures the Buck Vs a basket of 6 peer currencies, it edged up about 0.1%, even though USD came under pressure as declining US Treasury yields raised concerns over economic growth.

Commodities

Energy

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME
NYMEX Crude Oil » 52.46 USD -0.79 -1.51% Dec 18 1:14AM EST
ICE Brent Crude » 61.12 USD -0.96 -1.57% Dec 18 7:00PM EST
NYMEX RBOB Gasoline » 1.42 USD -0.03 -1.78% Dec 18 1:14AM EST
Dubai Crude Spot » 59.86 USD -0.28 -0.47% Dec 02 1:24AM EST
ICE Gas Oil » 576.50 USD -10.75 -1.86% Dec 18 7:00PM EST
NYMEX No2 Heating Oil » 1.88 USD -0.02 -0.93% Dec 18 1:10AM EST
NYMEX Nat Gas » 4.57 USD +0.12 +2.56% Dec 18 1:14AM EST
ICE NBP Nat Gas » 66.95 GBP +0.00 0.00% Dec 18 7:00PM EST

Metals

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME
Gold Spot » 1,234.85USD -3.31 -0.27% Dec 02 7:00PM EST
COMEX 100oz Gold » 1,234.90USD -6.20 -0.50% Dec 18 11:07PM EST
Silver Spot » 14.43USD -0.09 -0.60% Dec 02 7:00PM EST
Platinum Spot » 791.49USD -12.01 -1.52% Dec 02 7:00PM EST
Palladium Spot » 1,227.01USD -6.14 -0.50% Dec 02 7:00PM EST
COMEX Copper » 2.75USD +0.00 +0.15% Dec 18 12:58AM EST

Agriculture Grains

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME
CBOT Corn » 373.50USC -0.75 -0.20% Dec 18 10:23PM EST
CBOT Wheat » 519.25USC +0.00 0.00% Dec 18 2:15PM EST
KCBT Wheat » 483.75USC +0.00 0.00% Dec 18 5:32PM EST
MGE Spring Wheat » 585.00USC -2.75 -0.47% Dec 18 12:20AM EST
Euronext Milling Wheat » 200.50EUR +0.00 0.00% Dec 18 7:00PM EST
CBOT Soybean» 912.00USC +0.25 +0.03% Jan 19 1:20AM EST

US financial markets are closed Wednesday

Stay tuned…

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