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

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


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

Note: China’s PMI number was the most significant monthly increase since Y 2012, which should ease concerns around a potential threat to Crude Oil demand.

In Asia

Gold: Gold prices declined to a more than 3-week lows Tuesday as waning global economic slowdown concerns lifted USD and equity markets.

  • Spot gold was flat at $1,286.85 oz by 0332 GMT, after touching its lowest since 8 March at $1,285.80 early in the session,
  • US gold futures were down about 0.2% at $1,291.30 oz.

My work shows that on the technical front, $1,275 – 1,280 oz is still the Key longer-term support for gold.

Concerns we saw emerge in the past few weeks around economic growth has certainly eased and that shift in sentiment in the past 2 days resulted in little bit of profit taking in gold market.

Energy: Crude Oil prices rose to new Y 2019 highs Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions on Iran and further Venezuelan supply disruptions.

  • ICE Brent Crude Oil +32c, or 0.5%, to $69.33 bbl by 0212 GMT,
  • NYMEX WTI Crude Oil futures +30c, or 0.5%, to $61.89 bbl, after earlier rising above $62 for the 1st time since early November 2018.

Positive data from the world’s 2 biggest economies, the United States and China bolstered prices, with China’s manufacturing sector unexpectedly returning to growth for the first time in four months during March, figures showed Monday.

Equities: MSCI’s broadest index of Asia-Pacific shares sans Japan was up 0.2%, marking 7-month highs after rallying more than 1% in Monday’s session.

Australian shares gained half a percent and Japan’s Nikkei advanced 0.3%, extending its gains for a 3rd session running.

The Shanghai Composite Index +0.1% while Hong Kong’s Hang Seng Index was flat to unchanged.

Wall Street shares spiked Monday, with the S&P 500 and DJIA both rising more than 1%, with the DJIA lifted by sharp gains in Caterpillar (NYSE:CAT) and Boeing (NYSE:BA)

Currencies: .DXY tracks USD against Key rivals, was trading close to 3-week highs posted Monday.

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

NYMEX Crude Oil »61.72 USD+0.13+0.21%Apr 191:00AM EDT
ICE Brent Crude »69.11 USD+0.10+0.14%Apr 1912:59AM EDT
NYMEX RBOB Gasoline »1.90 USD+0.00+0.09%Apr 191:00AM EDT
Dubai Crude Spot »68.55 USD-0.06-0.09%Dec 021:10AM EDT
ICE Gas Oil »609.50 USD+2.75+0.45%Apr 1912:52AM EDT
NYMEX No2 Heating Oil »1.99 USD+0.00+0.05%Apr 1912:52AM EDT
NYMEX Nat Gas »2.69 USD-0.02-0.59%Apr 191:00AM EDT
ICE NBP Nat Gas »33.34 GBP+0.000.00%Apr 197:00PM EDT
Gold Spot »1,287.08USD-0.33-0.03%Dec 021:29AM EDT
COMEX 100oz Gold »1,285.00USD-3.40-0.26%Apr 1911:32PM EDT
Silver Spot »15.07USD-0.03-0.23%Dec 021:29AM EDT
Platinum Spot »849.61USD+2.11+0.25%Dec 021:29AM EDT
Palladium Spot »1,416.10USD-3.90-0.28%Dec 021:29AM EDT
COMEX Copper »2.92USD+0.000.00%Apr 197:01PM EDT
CBOT Corn »363.00USC+1.25+0.34%May 191:13AM EDT
CBOT Wheat »462.75USC+0.000.00%May 191:26AM EDT
KCBT Wheat »434.25USC-0.25-0.06%May 191:26AM EDT
MGE Spring Wheat »553.00USC+0.000.00%May 191:17AM EDT
Euronext Milling Wheat »187.00EUR+0.000.00%May 1912:29PM EDT
CBOT Soybean »898.75USC+3.25+0.36%May 191:25AM EDT

Stay tuned…

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