Gold Higher, USD Lower, Stocks Higher  + Commodities

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								Gold Higher, USD Lower, Stocks Higher  + Commodities

Gold Higher, USD Lower, Stocks Higher  + Commodities

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

  • Gold Prices Higher
  • US Dollar Eases
  • Crude Oils Down
  • Asian Stocks Higher
  • Traders eye US Economic Data
  • Traders eye US Earnings Data

In Asia

Gold prices inched higher in early Asian trade Thursday, recovering from a 3-week low marked in the Wednesday’s session as the USD eased.

  • Spot gold was up 0.2% at $1,216.23 an ounce, as of 0123 GMT; prices fell to their lowest since 11 October at $1,211.52 oz Wednesday.
  • US gold futures + 0.2% to $1,217.8 oz.
  • The US Dollar (.DXY) Index , which measures the Buck against a basket of 6 peer currencies, was down 0.2%.
  • The SPDR Gold Trust (GLD) , the world’s largest gold-backed ETF, said its holdings fell 0.12% to 754.06 tonnes Wednesday from 754.94 tonnes Tuesday.
  • The US Mint sold 22,000 oz of American Eagle gold coins in October, +7.3% from the prior month.
  • South Africa’s Impala Platinum (Implats) said Wednesday it was in talks to sell its 1 Shaft operation in Rustenburg in a move to make its struggling mines profitable, sending its shares higher.
  • Crude Oil investors are now betting on the potential of global slowdown.

Energy: Crude Oil prices fell early Thursday, extending losses in prior sessions, on signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown.

ICE Brent Crude Oil January (LCOc1) futures contract lost 44c, or 0.32%, to trade at $74.72 bbl by GMT 0054 GMT.

NYMEX WTI Crude Oil (CLc1) futures fell 46c to $65.01 bbl.

Both benchmarks posted their worst monthly performance since July 2016 Wednesday, with Brent Crude Oil falling 8.8% for the month and WTI Crude Oil falling 10.9%.

Thursday’s decliner came after US Energy Information Administration (EIA) data showed Crude Oil inventories climbed for a 6th week running. strong build in Crude Oil inventories is likely to keep downward pressure on Crude Oil prices we believe.

Note: OPEC boosted Crude Oil production in October to its highest since Y 2016, as higher output led by the United Arab Emirates and Libya more than offset a cut in Iranian shipments due to US sanctions, set to start on 4 November. US President Donald Trump said Wednesday that he had determined there was sufficient supply of petroleum and petroleum products from nations other than Iran to permit a reduction in purchases from that country. That memo is weighing on prices is growing concerns over the prospect of a global slowdown amid the ongoing US-China trade dispute.

Stocks: Asian stocks rose Thursday as, investor sentiment got some relief from another strong Wall Street session.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.9%, adding to modest gains from the prior session.

Commodities

Commodities: Energy

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
NYMEX Crude Oil » 64.95 USD -0.36 -0.55% Nov 18 2:21AM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
ICE Brent Crude » 74.60 USD -0.44 -0.59% Nov 18 8:00PM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
NYMEX RBOB Gasoline » 1.75 USD -0.00 -0.26% Nov 18 2:21AM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
Dubai Crude Spot » 73.98 USD +0.11 +0.15% Dec 02 2:32AM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
ICE Gas Oil » 699.75 USD -9.50 -1.36% Nov 18 8:00PM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
NYMEX No2 Heating Oil » 2.24 USD -0.01 -0.35% Nov 18 2:21AM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
NYMEX Nat Gas » 3.27 USD +0.01 +0.34% Nov 18 2:19AM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
ICE NBP Nat Gas » 68.18 GBP +0.00 0.00% Nov 18 8:00PM EDT

Commodities: Metals

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
Gold Spot » 1,220.01USD +5.87 +0.48% Dec 02 8:00PM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
COMEX 100oz Gold » 1,217.30USD +5.00 +0.41% Nov 18 1:28AM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
Silver Spot » 14.35USD +0.13 +0.91% Dec 02 8:00PM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
Platinum Spot » 847.40USD +11.40 +1.35% Dec 02 8:00PM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
Palladium Spot » 1,086.00USD +7.50 +0.69% Dec 02 8:00PM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
COMEX Copper » 2.66USD +0.00 0.00% Nov 18 7:01PM EDT

Commodities: Agriculture Grains

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
CBOT Corn » 363.50USC +0.25 +0.07% Dec 18 2:28AM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
CBOT Wheat » 503.25USC +2.75 +0.55% Dec 18 2:31AM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
KCBT Wheat » 496.00USC +2.75 +0.55% Dec 18 2:27AM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
MGE Spring Wheat » 571.25USC +2.00 +0.35% Dec 18 2:19AM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
Euronext Milling Wheat » 198.50EUR +0.00 0.00% Dec 18 8:00PM EDT 
								Gold Higher, USD Lower, Stocks Higher  + Commodities
CBOT Soybeans » 835.25USC -3.75 -0.45% Nov 18 2:24AM EDT

Stay tuned…

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