Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities


FLASH: Gold Up USD Up, Crude Oil Up, Stocks Down


  • Crude Oil prices up as geopolitical tensions counter sluggish demand,
  • Asian shares slide as ECB holds off easing, earnings mixed,
  • Gold up on rate-cut bets; focus on US GDP data

Gold: Gold prices steadied Friday after touching a 1-wk low in the previous session, buoyed by expectations of monetary policy easing from leading central banks, while investors awaited US economic growth data due later Friday.

  • Spot gold was up 0.1% at $1,415.15 oz, as of 0557 GMT,
  • US gold futures were steady at $1,414.40.

Positive view on gold is driven by expectations of broad monetary easing by key central banks globally, including the Fed and the European Central Bank.

Energy: Crude Oil prices higher Friday on worries about Middle East tensions, offset by a flagging global economic growth outlook amid the US-China trade dispute.

  • ICE Brent Crude Oil futures were up 7c, or 0.1%, at $63.46 bbl by 0457 GMT,
  • NYMEX WTI Crude OIL was 18c higher, or 0.3%, at 56.20 bbl.

Growing challenges in the macroeconomic environment have kept bullish bets in check as risk appetites remain soft over potential weakness in global fuel demand.

Equities: Asian share prices dropped Friday following mixed US earnings reports and after the European Central Bank disappointed those investors who had expected an immediate easing.

MSCI’s broadest index of Asia-Pacific shares sand Japan .MIAPJ0000PUS dropped 0.53% while Japan’s Nikkei .N225 lost 0.58%. Shanghai shares .SSEC ticked down 0.16%.

European stocks are seen flat, with pan-European Euro Stoxx 50 futures STXEc1 up 0.03%, while German DAX futures FDXc1 were up 0.15% and FTSE futures FFIc1 down 0.13%.

Wall Street shares fell from record highs Thursday, with the S&P 500 .SPX losing 0.53%, following a flurry of downbeat Quarterly results from Ford Motor (F) and other companies.

US stock futures ESc1 rose 0.23% in Asia.

Currencies: EUR bounced back to at $1.1149 in Asian trade, after sinking to $1.1101 Thursday, its lowest since May 2017

JPY little changed Vs at 108.57 JPY/Dollar.

Commodities (Quotes): Metals, Energy, and Agriculture Grains

Gold Spot »1,418.60USD+4.47+0.32%Dec 022:59AM EDT
COMEX 100oz Gold »1,413.90USD+0.000.00%Jul 197:01PM EDT
Silver Spot »16.44USD+0.04+0.25%Dec 022:59AM EDT
Platinum Spot »866.26USD+1.26+0.15%Dec 022:59AM EDT
Palladium Spot »1,529.62USD-0.88-0.06%Dec 022:59AM EDT
COMEX Copper »2.70USD+0.000.00%Jul 197:01PM EDT
NYMEX Crude Oil »56.35 USD+0.33+0.59%Aug 192:52AM EDT
ICE Brent Crude »63.60 USD+0.21+0.33%Jul 192:52AM EDT
NYMEX RBOB Gasoline »1.89 USD+0.01+0.54%Jul 192:50AM EDT
Dubai Crude Spot »63.12 USD+0.36+0.57%Dec 023:02AM EDT
ICE Gas Oil »588.00 USD-0.25-0.04%Aug 192:52AM EDT
NYMEX No2 Heating Oil »1.92 USD+0.00+0.19%Jul 192:53AM EDT
NYMEX Nat Gas »2.23 USD-0.02-0.81%Jul 192:48AM EDT
ICE NBP Nat Gas »27.60 GBP-0.07-0.25%Jul 192:19AM EDT
CBOT Corn »419.25USC+0.75+0.18%Sep 192:58AM EDT
CBOT Wheat »498.50USC-1.00-0.20%Sep 192:58AM EDT
KCBT Wheat »437.25USC-0.25-0.06%Sep 192:46AM EDT
MGE Spring Wheat »564.00USC-1.25-0.22%Dec 021:00AM EDT
Euronext Milling Wheat »175.75EUR+0.000.00%Sep 1912:29PM EDT
CBOT Soybean»884.25USC+1.75+0.20%Aug 192:58AM EDT

Have a terrific weekend

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