Gold Down, USD Up + Commodities

Gold Down, USD Up + Commodities

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

The USD reached an 11-month high against the Japanese Yen and stood strong Vs other peers, boosted by upbeat US economic data and hawkish comments from Fed Chairman Jerome Powell

In Asia

Gold

Gold prices inched down Thursday, after upbeat US economic data and hawkish comments from US Fed policymakers raised prospects of sticking to its tighter monetary policy, boosting USD.

Many of the Fed’s policymakers, including Chairman Jerome Powell, used public appearances Wednesday to show an increasingly unified view that the US economy was not headed for any obvious potholes or a recession.

Crude Oil

Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, as traders bet on 100 bbl Crude Oil prices.

The deal underlines how Russia and Saudi Arabia are increasingly deciding output policies bi-laterally, before consulting with the rest of OPEC.

The Saudi Energy Minister Khalid al-Falih and his Russian counterpart Alexander Novak agreed during a series of meetings to lift output from September through December as Crude Oil headed toward 80 bbl. It is now over 85 on traders action.

Commodities: Energy

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
NYMEX Crude Oil »
76.25 USD
-0.16
-0.21% Oct 18 1:10AM EDT CLc1
ICE Brent Crude »
86.11 USD
-0.18
-0.21% Oct 18 1:08AM EDT LCOc1
NYMEX RBOB Gasoline »
2.13 USD
-0.01
-0.25% Oct 18 1:02AM EDT RBc1
Dubai Crude Spot »
83.95 USD
+0.02
+0.02% Dec 02 1:18AM EDT DUB-1M
ICE Gas Oil »
748.25 USD
+7.50
+1.00% Oct 18 12:27AM EDT LGOc1
NYMEX No2 Heating Oil »
2.44 USD
-0.00
-0.07% Oct 18 1:08AM EDT HOc1
NYMEX Nat Gas »
3.24 USD
+0.01
+0.22% Oct 18 1:09AM EDT NGc1
ICE NBP Nat Gas »
73.92 GBP
+0.00
0.00% Oct 18 11:58AM EDT

Commodities: Metals

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
Gold Spot »
1,196.65USD
-0.27
-0.02% Dec 02 1:19AM EDT XAU=X
COMEX 100oz Gold »
1,198.30USD
+0.00
0.00% Oct 18 7:01PM EDT GCc1
Silver Spot »
14.55USD
-0.03
-0.21% Dec 02 1:19AM EDT XAG=X
Platinum Spot »
822.70USD
+0.70
+0.09% Dec 02 1:19AM EDT XPT=X
Palladium Spot »
1,054.22USD
-1.28
-0.12% Dec 02 1:19AM EDT XPD=X
COMEX Copper »
2.82USD
+0.00
0.00% Oct 18 4:40PM EDT

Commodities: Agriculture

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
CBOT Corn »
365.75USC
+1.00
+0.27% Dec 18 1:14AM EDT Cc1
CBOT Wheat »
516.50USC
+1.25
+0.24% Dec 18 1:15AM EDT Wc1
KCBT Wheat »
520.50USC
+1.75
+0.34% Dec 18 1:10AM EDT KWc1
MGE Spring Wheat »
588.00USC
-1.75
-0.30% Dec 18 12:57AM EDT 1MWEc1
Euronext Milling Wheat »
201.25EUR
+0.00
0.00% Dec 18 12:29PM EDT BL2c1
CBOT Soybeans »
861.00USC
-0.50
-0.06% Nov 18 1:14AM EDT

Stay tuned…

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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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