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



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


  • Asian shares higher on China recovery, RM Yuan fixing
  • Crude Oil off as demand outlook, trade dispute weigh
  • Gold hanging near $1,500/oz on trade, recession concerns
  • The .DXY, which tracks the Buck, Vs a basket of 6 peer rivals, was off a bit.

Gold: Gold prices Monday is hanging around the $1,500 oz mark, as the US-China trade conflict drags on, as fears of a global economic slowdown increased.

  • Spot gold was steady at $1,496.99 oz, as of 0114 GMT,
  • US gold futures were flat at $1,508.50 oz.

Hedge funds and money managers raised their Bullish bets Trading Commission (CFTC) said Friday.

Energy: Crude Oil prices dipped Monday amid worries about an economic slowdown and the US-China trade dispute, which have led to a cut in the growth outlook for demand.

  •  ICE Brent Crude Oil futures LCOc1 were at 58.35 bbl by 0249 GMT, down 18c or 0.3%, from their prior settlement,
  • NYMEX WTI Crude Oil CLc1 futures were at 54.29 bbl, down 21c, or 0.4%, from Friday’s close.

Crude Oil prices are falling at the start of the trading week due to lower demand forecasts published last week and pessimism about a US-China trade deal.

Equities: Gains by Chinese equities and the RMB Yuan’s stronger-than-expected daily fixing helped lift a broad gauge of Asian shares above unchanged Monday.

MSCI’s broadest index of Asia-Pacific shares sans Japan shook off early losses to post a 0.02% gainer.

The index was aided by Chinese shares, which rallied from the previous week’s losses. Blue-chip shares rose 0.96%, with listed brokerages boosted by a late Friday announcement from China’s securities regulator of relaxed margin financing rules.

 Australian shares dipped 0.17% and Indonesian shares fell 0.53%, while the SKorean market reversed early losses to rise 0.37%.

Trading activity was relatively muted with some regional markets, including Japan, Singapore and India, closed for holidays Monday.

Currencies: GBP matched its 17 January 2017 low Vs USD, buying as little as $1.2015 in early Asian trade Monday before ticking higher to $1.2036.

The UK’s GBP came under pressure Friday after the downbeat data on the British economy.

USD dropped 0.26% Vs JPY to 105.39, and EUR added 0.1% to $1.1209.

.DXY was down a bit at 97.479

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

NYMEX Crude Oil »54.38 USD-0.12-0.22%Aug 1912:31AM EDT
ICE Brent Crude »58.47 USD-0.06-0.10%Aug 1912:31AM EDT
NYMEX RBOB Gasoline »1.67 USD-0.01-0.52%Aug 1912:27AM EDT
Dubai Crude Spot »57.58 USD-0.15-0.26%Dec 0212:39AM EDT
ICE Gas Oil »554.25 USD-1.25-0.23%Aug 1910:53PM EDT
NYMEX No2 Heating Oil »1.81 USD-0.00-0.14%Aug 1912:31AM EDT
NYMEX Nat Gas »2.13 USD+0.01+0.42%Aug 1912:28AM EDT
ICE NBP Nat Gas »33.99 GBP+0.000.00%Aug 197:00PM EDT
Gold Spot »1,496.62USD-0.22-0.01%Dec 0212:48AM EDT
COMEX 100oz Gold »1,495.90USD-0.70-0.05%Aug 1911:39PM EDT
Silver Spot »16.92USD-0.02-0.11%Dec 0212:48AM EDT
Platinum Spot »859.07USD+0.07+0.01%Dec 0212:48AM EDT
Palladium Spot »1,425.84USD+4.34+0.30%Dec 0212:48AM EDT
COMEX Copper »2.58USD+0.000.00%Aug 1910:10AM EDT
CBOT Corn »407.75USC-2.50-0.61%Sep 1912:38AM EDT
CBOT Wheat »496.50USC-3.00-0.60%Sep 1912:37AM EDT
KCBT Wheat »414.25USC-2.75-0.66%Sep 1912:05AM EDT
MGE Spring Wheat »564.00USC-1.25-0.22%Dec 021:00AM EDT
Euronext Milling Wheat »170.50EUR+0.000.00%Sep 1912:29PM EDT
CBOT Soybean»871.00USC-2.75-0.32%Aug 1911:30PM EDT

Have a terrific week

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