Gold Steady, USD Down, Stocks Down + Commodities

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								Gold Steady, USD Down, Stocks Down + Commodities

Gold Steady, USD Down, Stocks Down + Commodities

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

  • Gold Prices Steady
  • US Dollar Down
  • Crude Oil Dipped 
  • Asian Stocks Lower
  • Traders eye US Midterm Congressional Elections
  • Traders eye US Earnings Data

In Asia

Gold prices held steady Monday as investors were cautious ahead of the US Congressional electionsTuesday which will determine whether the Republican or Democratic Party controls Congress.

  • Spot gold was steady at $1,232.08 oz, as of 0415 GMT
  • US gold futures were flat at $1,233.4 oz.

Traders do not want to extend any risk because of the growing uncertainty around the elections

The USD lost ground against most of its major peers, as growing expectations of an orderly BREXIT bolstered the GBP, EUR and broader global investor sentiment.

Energy

Oil prices dipped Monday morning in Asia after the US said it would allow 8ht countries to import Crude Oil from Iran, easing market jitters over tight supply from Iranian sanctions that took effect 5 November.

WTI Crude Oil Futures for December delivery dropped 0.71% to $62.69 bbl at 10:47p ET on the New York Merc, while ICE Brent Oil Futures for January 2019 delivery edged down 0.19% to $72.43 bbl in London.

Stocks

Asian stocks fell Monday as fears of faster rate hikes in the US and uncertainty around the US-China trade dispute deterred investment in riskier assets.

MSCI’s broadest index of Asia-Pacific shares outside Japan lost 1.5% Monday, slipping back towards last week’s 1.5 year trough of 505.61 points.

Japan’s Nikkei fell 1.3%, while South Korea’s KOSPI index declined 1.4%.

Chinese shares opened in the Red with blue-chip stocks off 1.4%, even as President Xi Jinping promised to lower import tariffs and continue to broaden market access.

Commodities

Commodities: Energy

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
NYMEX Crude Oil » 62.71 USD -0.43 -0.69% Nov 18 12:32AM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
ICE Brent Crude » 72.41 USD -0.42 -0.58% Nov 18 7:00PM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
NYMEX RBOB Gasoline » 1.69 USD -0.01 -0.86% Nov 18 12:32AM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
Dubai Crude Spot » 70.89 USD -0.31 -0.44% Dec 02 12:41AM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
ICE Gas Oil » 671.50 USD -6.75 -1.01% Nov 18 7:00PM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
NYMEX No2 Heating Oil » 2.17 USD -0.01 -0.30% Nov 18 12:32AM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
NYMEX Nat Gas » 3.44 USD +0.16 +4.59% Nov 18 12:32AM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
ICE NBP Nat Gas » 67.55 GBP +0.00 0.00% Nov 18 8:00PM EDT

Commodities: Metals

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
Gold Spot » 1,231.71USD -0.77 -0.06% Dec 02 7:00PM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
COMEX 100oz Gold » 1,230.90USD +0.00 0.00% Nov 18 7:01PM EDT 
								Gold Steady, USD Down, Stocks Down + Commodities
Silver Spot » 14.71USD -0.00 -0.03% Dec 02 7:00PM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
Platinum Spot » 865.00USD -2.00 -0.23% Dec 02 7:00PM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
Palladium Spot » 1,118.15USD +2.15 +0.19% Dec 02 7:00PM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
COMEX Copper » 2.79USD -0.02 -0.61% Nov 18 12:18AM EST

Commodities: Agriculture Grains

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
CBOT Corn » 371.75USC +0.50 +0.13% Dec 18 12:33AM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
CBOT Wheat » 510.50USC +1.75 +0.34% Dec 18 12:33AM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
KCBT Wheat » 505.50USC +1.25 +0.25% Dec 18 12:22AM EST 
								Gold Steady, USD Down, Stocks Down + Commodities
MGE Spring Wheat » 582.00USC +1.50 +0.26% Dec 18 1:01AM EDT 
								Gold Steady, USD Down, Stocks Down + Commodities
Euronext Milling Wheat » 200.75EUR +0.00 0.00% Dec 18 8:00PM EDT 
								Gold Steady, USD Down, Stocks Down + Commodities
CBOT Soybean » 874.50USC -0.75 -0.09% Nov 18 12:30AM EST

Have a terrific weekend.

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