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

FLASH: Gold Higher, USD Steady, Crude Oil Lower, Stocks Dip

Notes: Trade talks dominate headlines, the US and China have a deal in the works, as President Trump meeting China’s chief negotiator Vice Premier Liu Friday in Washington, DC.

Growth in China’s new home prices fell to a 9-month low in January as broader economic weakness increasingly weighs on the property sector.

The Fed’s promise in January to be “patient” about further interest rate hikes, putting a 3-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth. As they have done before when Americans have gotten ‘too wealthy’ in its eyes.

In Asia

Gold: Gold rebounded after falling more than 1% Thursday, with spot gold trading up about 0.2% at $1,326.30 oz.

Energy: NYMEX WTI Crude Oil dipped 0.2% to $56.85 bbl, and ICE Brent Crude Oil shed 0.2% to $66.92 bbl.

Equities: Shares in Asia slipped Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States.

MSCI’s broadest index of Asia-Pacific shares sans Japan fell as more markets opened across the region, dipping 0.1%

Chinese blue-chip shares were down 0.1% in late-morning trade after briefly breaking into positive territory.

Seoul’s Kospi lost 0.3%. Shares in Taiwan were also 0.3% lower.

Japan’s Nikkei was down 0.4% after data showed core consumer inflation accelerated slightly in January but remained far from the central bank’s 2% target, underscoring the fragility of the country’s economic recovery.

Australian shares gained 0.4%.

Currencies: .DXY, which tracks the Buck Vs a basket of 6 peers, was steady at 96.602

USD up Vs JPY to 110.73, EUR slightly higher to buy $1.1337.

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

Have a terrific weekend.

  China, Corn, GLD, oil, president, SLV, SOY, trade, Trump, USD, USO, WEAT

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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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