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

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

Headlines

• Bears ease grip on most Asian currencies as trade worries fade
• Asian stocks at 6-wk highs as trade dispute gloom lifts before ECB meet
• Crude Oil gains on hopes for US-China trade dispute thaw
• Gold slips as trade optimism lifts risk assets

Gold: Gold prices off Thursday as hopes for a thaw in the US-China trade tensions lifted risk appetite, while some investors booked profits ahead of a meeting by the EEB.

• Spot gold was down 0.1% at $1,495.30 oz, as of 0528 GMT,
• US gold futures were little changed at $1,503.70.

Energy: Crude Oil prices rose Thursday, recouping some of the heavy losses in the prior session, supported by easing trade tensions between Washington and Beijing and a drop in US stockpiles to the lowest in nearly a year.

• ICE Brent crude futures LCOc1 +45c or 0.7%, to $61.26 bbl by 0504 GMT,
• NYMEX WTI Crude Oil futures CLc1 +50c, or 0.9%, to $56.25 bbl.

Equities: Asian stocks advanced to 6-wk highs Thursday on hopes for a thaw in US-China trade relations and expectations that the ECB would kick off another wave of monetary easing by global central banks.

MSCI’s broadest index of Asia-Pacific shares sans Japan was up 0.5% and Tokyo’s Nikkei stock index rose 0.96%. Australian shares were up 0.2%.

In early European trading, the futures for pan-region Euro Stoxx 50 were up 0.65%, German DAX 0.6%, and London’s FTSE 0.52%.

Chinese stocks rose and the RMB Yuan hit a 3-week high after President Trump agreed to delay an additional increase in tariffs on Chinese goods by 2 weeks at the request of China’s Vice Premier Liu He “as a gesture of good will.”

US stock futures rose 0.38% and safe-havens like JPY, US Treasuries, and gold weakened in a sign of improving appetite for risk.

Commodities & Currencies (quotes): Metals, Energy, Agri-Grain, Currencies Pairs

Stay tuned…

  agriculture, Asia, China, Corn, Crude Oil, currencies, energy, Fed, GLD

The following two tabs change content below.

• Bio
• Latest Posts

HEFFX Australia

HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Latest posts by HEFFX Australia (see all)

• Silver (XAG=X) Support At $20 - September 23, 2020
• Gold 1 OZ (XAU=X) Price Under Pressure - September 23, 2020
• Amazon (NASDAQ:AMZN) Recent Pullback Created an Attractive “Entry Point” - September 23, 2020