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

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

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

Gold Off
USD Eased
Crude Oil Steady
Stocks Up

In Asia

Gold: Gold fell Friday as investors sought riskier assets on optimism the United States and China ill reach a trade deal, although a pause in US interest rate hikes kept bullion on track for a 2nd weekly increase.

  • Spot gold fell 0.3% to $1,316.95 oz at 0719 GMT. Prices rose to $1,326.30 Thursday and are set to gain 1.1% on the week.
  • US gold futures were down 0.2% at $1,317.10 oz
  • Silver fell 1% to $15.91 oz after rising to its highest since July 2018 at $16.19 in prior session

President Trump said Thursday he will meet with Chinese President Xi Jinping soon to try to seal a comprehensive trade deal as the top US negotiator reported “substantial progress” in two days of high-level talks.

Energy: Crude Oil prices were steady Friday on hopes the United States and China will soon settle their trade disputes and new data raising fresh concerns over China’s economic slowdown.

  • ICE Brent Crude Oil futures were at $60.93 bbl at 0712, +9c above Thursday’s close.
  • NYMEX WTI Crude Oil futures were at $53.80 bbl unchanged from Thursday’s settlement.

Crude Oil prices were supported as US President Trump said on Thursday he would meet with Chinese President Xi Jinping soon to try to seal a comprehensive trade deal.

Equities: Japan’s Nikkei finished flat Friday, as dismal results from firms such as Nomura Holdings and Nintendo trimmed earlier gains from upbeat earnings in other sectors and a stronger Wall Street finish.

The Nikkei share average ended just 0.07% higher at 20,788.39, after climbing to a peak of 20,929.63, its highest since 19 December. On the week, the index dropped 0.1%.

Currencies: The USD fell to 2-week lows Vs JPY Thursday, pressured by the Fed’s cautious outlook on the US economy, which suggested that the central bank is near the end of its tightening cycle.

Commodities: Energy, Metals, and Agriculture Grains

COMMODITYLASTCHANGE% CHANGEEXP DATETIME
NYMEX Crude Oil »53.79 USD+0.000.00%Feb 192:11AM EST
ICE Brent Crude »60.89 USD+0.05+0.08%Feb 197:00PM EST
NYMEX RBOB Gasoline »1.38 USD+0.00+0.19%Feb 192:10AM EST
Dubai Crude Spot »61.87 USD-0.23-0.37%Dec 022:20AM EST
ICE Gas Oil »572.25 USD-12.25-2.14%Feb 197:00PM EST
NYMEX No2 Heating Oil »1.88 USD+0.00+0.06%Feb 192:11AM EST
NYMEX Nat Gas »2.82 USD+0.01+0.25%Feb 192:10AM EST
ICE NBP Nat Gas »50.50 GBP-1.02-2.02%Feb 197:00PM EST
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
Gold Spot »1,316.51USD-4.05-0.31%Dec 027:00PM EST
COMEX 100oz Gold »1,317.10USD-2.60-0.20%Feb 191:55AM EST
Silver Spot »15.90USD-0.17-1.04%Dec 027:00PM EST
Platinum Spot »817.95USD-1.55-0.19%Dec 027:00PM EST
Palladium Spot »1,347.50USD+4.50+0.33%Dec 027:00PM EST
COMEX Copper »2.79USD+0.000.00%Feb 197:01PM EST
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
CBOT Corn »378.00USC+1.50+0.40%Mar 192:31AM EST
CBOT Wheat »517.50USC+1.00+0.19%Mar 192:33AM EST
KCBT Wheat »500.00USC+1.00+0.20%Mar 192:11AM EST
MGE Spring Wheat »570.75USC+0.75+0.13%Mar 192:16AM EST
Euronext Milling Wheat »204.25EUR+0.000.00%Mar 197:00PM EST
CBOT Soybean »923.50USC+8.25+0.89%Mar 192:32AM EST

Have a terrific weekend.

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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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