$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD
FLASH: Gold Eases , USD Up, Crude Oil Mixed, Stocks Off
Headlines
- Crude Oil prices mixed as market eyes trade dispute
- Gold prices ease as firmer USD weighs
- Stocks hurt by trade tensions
- USD up, GBP hurt by BREXIT uncertainty
Gold:Â Gold prices fell Tuesday as USD gained, making the bullion costlier for investors holding other currencies, but fears of a global economic slowdown fuelled by intensifying US-China trade dispute has prices near multi-year highs.
- Spot gold down 0.3% to 1,525.64 oz at 0111 GMT near its highest level since April 2013 at 1,554.56 marked last week,
- US gold futures were up 0.3% at 1,533.8 oz.
.DXY was at its highest in more than 2 years Vs a basket of peer currencies, while global stocks were hit by US-China trade frictions.
Energy: Crude Oil prices were mixed Tuesday as the ongoing US-China trade dispute dampened markets, with soft SKorean data adding to concerns over emerging markets and a rise in OPEC output.
- NYMEX WTI Crude Oil was down 21c, or 0.4%, at $54.89 bbl by 0244 GMT,
- ICE Brent Crude Oil was 5c higher at $58.71 bbl.
Output from OPEC rose in August for the 1st month this year as higher supply from Iraq and Nigeria outweighed restraint by Saudi Arabia and losses caused by US sanctions on Iran.
Equities: Global stocks were hit by US-China trade frictions Tuesday while GBP flirted with 2.5-year lows as PM Johnson indicated he could call an election to stymie lawmakers’ efforts to avert a no-deal BREXIT.
No one really thinks that near term Washington and Beijing will solve the the issues. But as long as the US economy keeps going, stock prices will have limited Southside
MSCI’s broadest index of Asia-Pacific shares sans Japan shed 0.2% in early trade while Japan’s Nikkei was flat.
Currencies: GBP traded at $1.2063, little changed so far Tuesday after having dropped 0.85% Monday.Â
 EUR fell to a 2-year low of $1.09555 in early Tuesday trade.
The offshore Chinese RMB Yuan also dropped to a record low of 7.1975/USD. while AUD fetched $0.67145, not far from a 10 year-low of $0.66775 hit last month.
Argentine Peso closed 0.88% stronger in official markets, but closed 0.79% weaker on the black market at 63.5/USD.
Commodities (quotes): Metals, Energy, and Agriculture Grains
| COMMODITY | LAST | CHANGE | % CHANGE | EXP DATE | TIME |
|---|---|---|---|---|---|
| Gold Spot » | 1,525.19USD | -5.15 | -0.34% | Dec 02 | 12:18AM EDT |
| COMEX 100oz Gold » | 1,521.00USD | +1.90 | +0.12% | Sep 19 | 11:04PM EDT |
| Silver Spot » | 18.41USD | -0.04 | -0.22% | Dec 02 | 12:18AM EDT |
| Platinum Spot » | 931.78USD | +2.04 | +0.22% | Dec 02 | 12:18AM EDT |
| Palladium Spot » | 1,537.96USD | +6.95 | +0.45% | Dec 02 | 12:18AM EDT |
| COMEX Copper » | 2.52USD | -0.02 | -0.66% | Sep 19 | 11:00PM EDT |
| COMMODITY | LAST | CHANGE | % CHANGE | EXP DATE | TIME |
|---|---|---|---|---|---|
| NYMEX Crude Oil » | 54.84USD | -0.26 | -0.47% | Sep 19 | 12:14AM EDT |
| ICE Brent Crude » | 58.64USD | -0.02 | -0.03% | Sep 19 | 12:15AM EDT |
| NYMEX RBOB Gasoline » | 1.50USD | -0.03 | -2.00% | Sep 19 | 12:14AM EDT |
| Dubai Crude Spot » | 57.18USD | +0.11 | +0.19% | Dec 02 | 12:23AM EDT |
| ICE Gas Oil » | 558.50USD | +3.00 | +0.54% | Sep 19 | 11:59PM EDT |
| NYMEX No2 Heating Oil » | 1.81USD | -0.02 | -1.25% | Sep 19 | 12:00AM EDT |
| NYMEX Nat Gas » | 2.32USD | +0.03 | +1.34% | Sep 19 | 12:15AM EDT |
| ICE NBP Nat Gas » | 30.57GBP | +0.00 | 0.00% | Sep 19 | 11:59AM EDT |
| COMMODITY | LAST | CHANGE | % CHANGE | EXP DATE | TIME |
|---|---|---|---|---|---|
| CBOT Corn » | 358.50USC | +0.50 | +0.14% | Sep 19 | 9:47PM EDT |
| CBOT Wheat » | 451.50USC | +0.25 | +0.06% | Sep 19 | 10:06PM EDT |
| KCBT Wheat » | 380.00USC | +1.75 | +0.46% | Sep 19 | 9:13PM EDT |
| MGE Spring Wheat » | 564.00USC | -1.25 | -0.22% | Dec 02 | 1:00AM EDT |
| Euronext Milling Wheat » | 163.75EUR | +0.00 | 0.00% | Sep 19 | 12:29PM EDT |
| CBOT Soybean» | 852.25USC | -4.75 | -0.56% | Sep 19 | 9:00PM EDT |
Have a terrific week
