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

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


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

Notes: Following the Good Friday holiday, markets in Britain, Germany and France will remain closed for Easter Monday, while those in the United States will reopen.

Brent and US Crude futures surged to 6-month highs on reports that US Secretary of State Mike Pompeo will announce “that as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian Crude or condensate.”

US Treasury Secretary Steve Mnuchin told reporters trade negotiations between the Washington and their Chinese counterparts were “making a lot of progress.”

In Asia

Gold: Spot gold was +0.26% at $1,278.11 oz, bouncing from $1,270.63 in the prior session, its lowest since 27 December 2018. Gold is positively correlated to Crude Oil as the metal is often seen as a hedge against Oil-led inflation. 

Energy: Crude Oil prices rallied on news the United States is likely to ask all importers of Iranian Crude Oil to end their purchases or face sanctions.

  • Brent Crude Oil futures were + 2.5% at $73.76 bbl after marking $74.31, the highest since 1 November 2018.
  • US Crude Oil futures + $65.87 bbl, highest since 31 October 2018

Equities: Asian shares off Monday, weighed down by underperforming Chinese stocks.

MSCI’s broadest index of Asia-Pacific shares sans Japan lost 0.3%, edging away from 9-month highs scaled last week after Chinese economic data beat expectations and eased concerns about the health of the world economy.

The Shanghai Composite Index was down 1.3%, SKorea’s KOSPI edged down 0.2% and Japan’s Nikkei was flat to little changed.

Currencies: .DXY Vs a basket of 6 peer currencies lower at 97.391.

EUR little changed at $1.123, USD was steady at 111.925 JPY.

The Australian Dollar down 0.25% to $0.7137.

The Canadian Dollar +0.25% to C$1.3363 thanks to a bounce in Crude Oil prices.

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

NYMEX Crude Oil »65.41 USD+1.41+2.16%Apr 192:24AM EDT
ICE Brent Crude »73.69 USD+1.72+2.33%Apr 192:37AM EDT
NYMEX RBOB Gasoline »2.12 USD+0.04+2.04%Apr 192:38AM EDT
Dubai Crude Spot »72.56 USD+1.23+1.70%Dec 022:48AM EDT
ICE Gas Oil »644.75 USD+9.25+1.43%May 192:38AM EDT
NYMEX No2 Heating Oil »2.10 USD+0.03+1.53%Apr 192:37AM EDT
NYMEX Nat Gas »2.50 USD+0.01+0.52%Apr 192:38AM EDT
ICE NBP Nat Gas »34.41 GBP+0.000.00%Apr 197:00PM EDT
Gold Spot »1,277.02USD+2.01+0.16%Dec 022:49AM EDT
COMEX 100oz Gold »1,271.90USD+0.000.00%Apr 197:01PM EDT
Silver Spot »15.02USD+0.09+0.61%Dec 022:49AM EDT
Platinum Spot »906.65USD+6.15+0.68%Dec 022:49AM EDT
Palladium Spot »1,421.47USD-0.53-0.04%Dec 022:49AM EDT
COMEX Copper »2.93USD+0.000.00%Apr 197:01PM EDT
CBOT Corn »357.75USC-0.75-0.21%May 192:20AM EDT
CBOT Wheat »440.25USC-4.00-0.91%May 192:39AM EDT
KCBT Wheat »416.00USC-4.00-0.96%May 192:23AM EDT
MGE Spring Wheat »520.00USC-3.25-0.62%May 192:24AM EDT
Euronext Milling Wheat »183.50EUR-1.50-0.82%May 1912:29PM EDT
CBOT Soybeans »881.00USC+0.50+0.06%May 192:40AM EDT

Have a terrific week

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