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

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

Headlines

• Asian shares advance on US-China trade progress, ECB easing
• Crude Oil off on global demand worries despite hopes on trade talks
• Hong Kong gold market losing shine due to political unrest
• Gold dips as trade hopes fuel risk appetite

Gold: Gold prices are lower Friday as improved risk appetite amid signs of a thaw in US-China trade dispute drew investors away from the safe-haven metal

• Spot gold fell 0.1% to $1,496.76 oz by 0521 GMT, declining about 0.7% on the week so far in what could be its 3rd straight weekly decliner,
• US gold futures dipped 0.2% to $1,504.30 oz.

Energy: Crude Oil off on global demand worries despite hopes on trade talks setting up prices for weekly losses in choppy trade

• ICE Brent Crude Oil down 18c, or 0.3%, at $60.20 bbl by 0442 GMT,
• NYMEX WTI Crude Oil off by 14c, or 0.3%, at $54.95.

Equities: Asian stocks advanced Friday as hints of progress in US-China trade talks and aggressive stimulus from the European Central Bank helped counter worries about a global economic slowdown.

MSCI’s broadest index of Asia-Pacific shares sansJapan ticked up 0.3% though mainland China and SKorea were closed for public holidays. Japan’s Nikkei rose 1.0% to 4 month highs.

S&P 500 closed within striking distance of its all-time closing high, rising 0.29% to 3,009.57, near record closing high of 3,024.50 marked on 26 July.

Commodities & Currency Pairs (quotes): Metals, Energy, Agri-Grains, and Currencies

Have a terrific weekend

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

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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.

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