$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY
FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Ease
Notes: President Trump made clear Friday that trade is his Top priority at this G-20 Summit, as China’s Xi warned against rising protectionism and India, Japan and Russia defended multi-lateral trade rules.
Investors and Traders await the meeting between Presidents Trump and Xi Saturday for signs of a de-escalation in the trade dispute. The 2 world leaders set to meet at the G-20 Summit in Japan.
In Asia
Gold: Gold prices rose Friday, heading for their best month in 3 years, as uncertainty loomed over whether highly anticipated trade talks between China and the United States would yield any progress in ending a year-long+ trade dispute.
- Spot gold was up 0.4% at $1,414.61 oz, as of 0540 GMT,
- US gold futures climbed 0.8% to $1,423.40 oz.
With nearly 1.2% gained so far this week, gold is also set to post its 6th consecutive weekly rise.
Gold has risen nearly 8.4% so far this month, on track for its biggest monthly percentage gainer since June 2016.
Energy: Crude Oil prices eased Friday in a cautious market, as traders eyed a scheduled meeting between Presidents Trump and Xi at the -Summit Saturday, and next week’s OPEC meeting.
- ICE Brent Crude Oil futures were down 39c, or 0.6%, at $66.16 bbl by 0245 GMT,
- NYMEX WTI Crude Oil futures were down 40c, or 0.7%, at $59.03 bbl.
OPEC and some non-members including Russia will hold meetings on 1-2 July in Vienna to decide whether to extend their supply cuts.
Equities: Asian shares decline Friday on doubts that a highly anticipated meeting between Presidents Trump and Xi this weekend could lead to an easing of trade tensions.
MSCI’s broadest index of Asia-Pacific shares sans Japan .MIAPJ0000PUS fell 0.3%, with weakness in Chinese equities weighing on the broader region. Japan’s Nikkei stock index .N225 was 0.55% lower.
Chinese blue chips .CSI300 fell 0.49% Friday and Hong Kong’s Hang Seng lost 0.59%. Australian shares were off 0.3%.
The losses followed gains in global equity markets overnight. But S&P 500 e-mini stock futures ESc1 wavered Friday, trimming early gains to trade flat.
Currencies: USD is holding flat early Friday as investors awaited a crucial meeting between the leaders of the United States and China at a G-20 Summit this weekend for any signs of progress to end their trade dispute.
USD traded at 107.66 JPY, little changed on the day but on course for a 0.3% gainer this week as the Buck mounted a recovery from a 5-month low of 106.77 JPY marked Tuesday.
.DXY, the measure USD Vs 6 of its peers, was at 96.217, unchanged on the week.
The Australian dollar (AUD) held onto recent gains against USD, trading at $0.7009. The Aussie has risen 2.6% since hitting a 5-month low of $0.6832 on 18 June.
Commodities (quotes): Energy, Metals, and Agriculture Grains
| COMMODITY | LAST | CHANGE | % CHANGE | EXP DATE | TIME |
|---|---|---|---|---|---|
| NYMEX Crude Oil » | 59.14 USD | -0.29 | -0.49% | Jul 19 | 1:45AM EDT |
| ICE Brent Crude » | 66.27 USD | -0.28 | -0.42% | Jun 19 | 1:41AM EDT |
| NYMEX RBOB Gasoline » | 1.93 USD | -0.02 | -0.81% | Jun 19 | 1:18AM EDT |
| Dubai Crude Spot » | 64.13 USD | -0.07 | -0.11% | Dec 02 | 1:55AM EDT |
| ICE Gas Oil » | 593.50 USD | -0.50 | -0.08% | Jul 19 | 1:43AM EDT |
| NYMEX No2 Heating Oil » | 1.95 USD | -0.00 | -0.26% | Jun 19 | 10:31PM EDT |
| NYMEX Nat Gas » | 2.32 USD | -0.00 | -0.09% | Jul 19 | 1:45AM EDT |
| ICE NBP Nat Gas » | 25.70 GBP | +0.00 | 0.00% | Jul 19 | 7:00PM EDT |
| COMMODITY | LAST | CHANGE | % CHANGE | EXP DATE | TIME |
|---|---|---|---|---|---|
| Gold Spot » | 1,414.85USD | +5.57 | +0.39% | Dec 02 | 1:59AM EDT |
| COMEX 100oz Gold » | 1,418.30USD | +9.90 | +0.70% | Jul 19 | 12:31AM EDT |
| Silver Spot » | 15.23USD | -0.03 | -0.16% | Dec 02 | 1:59AM EDT |
| Platinum Spot » | 814.74USD | +3.24 | +0.40% | Dec 02 | 1:59AM EDT |
| Palladium Spot » | 1,560.50USD | +10.00 | +0.64% | Dec 02 | 1:59AM EDT |
| COMEX Copper » | 2.70USD | -0.01 | -0.28% | Jul 19 | 1:48AM EDT |
| COMMODITY | LAST | CHANGE | % CHANGE | EXP DATE | TIME |
|---|---|---|---|---|---|
| CBOT Corn » | 439.75USC | -0.25 | -0.06% | Jul 19 | 1:55AM EDT |
| CBOT Wheat » | 547.75USC | +0.25 | +0.05% | Jul 19 | 11:14PM EDT |
| KCBT Wheat » | 467.25USC | -0.75 | -0.16% | Jul 19 | 1:33AM EDT |
| MGE Spring Wheat » | 564.00USC | -1.25 | -0.22% | Dec 02 | 1:00AM EDT |
| Euronext Milling Wheat » | 182.25EUR | +0.00 | 0.00% | Sep 19 | 12:29PM EDT |
| CBOT Soybeans» | 891.00USC | +3.25 | +0.36% | Jul 19 | 1:37AM EDT |
Have a terrific weekend.
