Gold Edged Down, USD Edged Up + Commodities

Gold Edged Down, USD Edged Up + Commodities

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

  • Gold stays near 2.5 month high as risk aversion lends support

In Asia

Gold prices edged lower early Wednesday as stocks gained and USD firmed on fading risk-averse sentiment, with the market awaiting mins from the Fed’s FOMC latest policy meeting for fresh clues on the pace of interest rate hikes.

Spot gold was down 0.2% to $1,221.56 oz at 0438 GMT.

US gold futures were down 0.5% at $1,225.2 oz.

Asian stocks rose Wednesday after upbeat US earnings reports drove Wall Street due North

The US Dollar (.DXY) Index, which measures the Buck against a basket of 6 major currencies, was up 0.1 on the day Tuesday.

In other precious metals

Silver dipped 0.3% to $14.60 oz, Platinum was up 0.1% at $838.0 oz, and Palladium fell 0.3% to $1,075.97 oz.

Energy: Crude Oil prices extended gains Wednesday after industry data showed a surprise decline in US inventories.

NYMEX WTI Crude Oil (CLc1) was up 35c, or 0.5% at $72.27 bbll by 0007 GMT Wednesday

ICE Brent Crude Oil (LCOc1) was up 36c, or 0.4%, at $81.77 bbl

US Crude Oil  inventories fell by 2.1-M bbls last week, compared with analyst expectations for a build of 2.2-M bbls, American Petroleum Institute data showed after Tuesday’s settlement API data showed.

Inventory data from the US Energy Department’s Energy Information Administration (EIA) is due at 1430 GMT  Wednesday.

Commodities: Energy

NYMEX Crude Oil »
72.00 USD
+0.08
+0.11% Oct 18 2:01AM EDT CLc1
ICE Brent Crude »
81.50 USD
+0.09
+0.11% Oct 18 2:01AM EDT LCOc1
NYMEX RBOB Gasoline »
1.98 USD
+0.01
+0.29% Oct 18 1:54AM EDT RBc1
Dubai Crude Spot »
79.42 USD
-0.28
-0.35% Dec 02 2:09AM EDT DUB-1M
ICE Gas Oil »
720.75 USD
+5.25
+0.73% Nov 18 1:55AM EDT LGOc1
NYMEX No2 Heating Oil »
2.34 USD
+0.00
+0.07% Oct 18 2:01AM EDT HOc1
NYMEX Nat Gas »
3.26 USD
+0.02
+0.67% Oct 18 2:01AM EDT NGc1
ICE NBP Nat Gas »
70.60 GBP
+0.00
0.00% Oct 18 7:00PM EDT

Commodities: Metals

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
Gold Spot »
1,222.80USD
-1.23
-0.10% Dec 02 2:08AM EDT XAU=X
COMEX 100oz Gold »
1,227.30USD
+0.00
0.00% Oct 18 7:01PM EDT GCc1
Silver Spot »
14.63USD
-0.01
-0.05% Dec 02 2:08AM EDT XAG=X
Platinum Spot »
834.71USD
-2.29
-0.27% Dec 02 2:08AM EDT XPT=X
Palladium Spot »
1,079.50USD
+0.50
+0.05% Dec 02 2:08AM EDT XPD=X
COMEX Copper »
2.77USD
+0.00
+0.09% Oct 18 8:15PM EDT

Commodities: Agriculture Grains

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
CBOT Corn »
375.25USC
+0.00
0.00% Dec 18 2:09AM EDT Cc1
CBOT Wheat »
521.75USC
-1.75
-0.34% Dec 18 2:06AM EDT Wc1
KCBT Wheat »
526.00USC
-2.00
-0.38% Dec 18 2:01AM EDT KWc1
MGE Spring Wheat »
596.50USC
+0.25
+0.04% Dec 18 1:50AM EDT 1MWEc1
Euronext Milling Wheat »
203.25EUR
+0.00
0.00% Dec 18 12:29PM EDT BL2c1
CBOT Soybeans »
884.00USC
-0.75
-0.08% Nov 18 2:08AM EDT Sc1
CBOT Soybean Oil »
29.72USC
+0.06
+0.20% Dec 18

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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