Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Up

Headlines

  • Crude Oil falls as focus shifts from Saudi supply to global demand concerns
  • Global stocks up on trade hopes, growth fears temper gains
  • Gold steady below 2-week peak but trade talk hopes weigh

Gold: Gold prices are steady Tuesday, having risen to a more than 2-wk highs in the Monday’s session on global slowdown fears and tensions in the Middle East.

  • Spot gold was little changed at $1,521.16 oz, as of 0339 GMT,
  • US gold futures were down 0.2% to $1,528.50 oz.

Spot gold is Neutral in a range of $1,497-$1,524 oz, and an escape may suggest a direction

Energy: Crude Oil prices off Tuesday as weak manufacturing data from Europe and Japan focused market attention on the gloomy outlook for demand and away from uncertainty around supply disruptions in Saudi Arabia.

  • ICE Brent Crude Oil futures -35c to $64.42 bbl by 0408 GMT,
  • NYMEX WTI Crude Oil futures were at $58.36, -28c.

The demand side of the equation is back in focus.

Equities: Global shares up Tuesday after Treasury Secretary Steven Mnuchin said US-China trade talks will resume next month, but lingering concerns about slowing global growth tempered the overall desire for riskier assets.

MSCI’s broadest index of Asia-Pacific shares sans Japan moved up 0.06%, supported by 0.4% gains in Mainland Chinese shares, while Japan’s Nikkei edged up 0.20% after a market holiday Monday.

Commodities and Currency Pairs (quotes)

Now you can go to Market Data on the right side of our home page for quotes on the world’s financial markets, commodities and currencies.

Stay tuned…

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :  
CONNECT WITH