Gold Higher, USD Higher, Stocks Mixed to Lower  + Commodities

Gold Higher, USD Higher, Stocks Mixed to Lower  + Commodities

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

  • Gold strengthens on risk-off trade
  • US Dollar (.DXY) Index up
  • Crude Oil futures down on Saudi pledge
  • US stocks mixed, Asia stocks off

In Asia

Gold prices are up early Tuesday as Asian stocks faltered, weighed down by political uncertainties around BREXIT and Italy’s budgetary woes.

  • Spot gold up 0.1% at $1,222.53 oz at 0056 GMT.
  • US gold futures edged up 0.1% to $1,225.30 oz.
  • Palladium eased 0.2 to $1,119.50 oz, having hit a 9-month high of $1,124.40 in the prior session.
  • USD higher

Energy: Crude Oil prices dipped Tuesday after Saudi Arabia pledged to play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to Us sanctions against Iran’s crude exports that start on 4 November.

Front-month ICE Brent Crude Oil futures (LCOc1) were at $79.62 bbl at 0427 GMT, down 21c, or 0.3%, from their last close.

NYMEX WTI Crude Oil futures (CLc1) were at $69.26 bbl, dropping 10c from their last settlement.

Reflecting a Cautious outlook, traders have been curbing their exposure to Crude Oil markets by closing Long positions in Crude Oil futures, with fund managers cutting their combined positions by a total of 187-M bbls in the last 3 wks, according to exchange and regulatory data.

Commodities: Energy

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
NYMEX Crude Oil »
69.14 USD
-0.22
-0.32% Nov 18 2:02AM EDT CLc1
ICE Brent Crude »
79.50 USD
-0.33
-0.42% Oct 18 2:01AM EDT LCOc1
NYMEX RBOB Gasoline »
1.90 USD
-0.01
-0.51% Oct 18 2:00AM EDT RBc1
Dubai Crude Spot »
77.78 USD
-0.45
-0.58% Dec 02 2:12AM EDT DUB-1M
ICE Gas Oil »
714.75 USD
-1.50
-0.21% Nov 18 2:02AM EDT LGOc1
NYMEX No2 Heating Oil »
2.31 USD
-0.01
-0.38% Oct 18 2:00AM EDT HOc1
NYMEX Nat Gas »
3.16 USD
+0.02
+0.57% Oct 18 2:01AM EDT NGc1
ICE NBP Nat Gas »
70.53 GBP
+0.00
0.00% Oct 18 11:59AM EDT

Commodities: Metals

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
Gold Spot »
1,225.21USD
+3.68
+0.30% Dec 02 2:18AM EDT XAU=X
COMEX 100oz Gold »
1,221.20USD
+0.00
0.00% Oct 18 7:01PM EDT GCc1
Silver Spot »
14.50USD
-0.11
-0.76% Dec 02 2:18AM EDT XAG=X
Platinum Spot »
816.24USD
-3.76
-0.46% Dec 02 2:18AM EDT XPT=X
Palladium Spot »
1,117.00USD
-4.75
-0.43% Dec 02 2:18AM EDT XPD=X
COMEX Copper »
2.77USD
-0.00
-0.18% Oct 18 12:00AM EDT

Commodities: Agriculture Grains

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
CBOT Corn »
369.50USC
+0.00
0.00% Dec 18 2:10AM EDT Cc1
CBOT Wheat »
507.50USC
-0.50
-0.10% Dec 18 2:12AM EDT Wc1
KCBT Wheat »
506.50USC
-1.25
-0.25% Dec 18 2:10AM EDT KWc1
MGE Spring Wheat »
585.50USC
+0.00
0.00% Dec 18 2:06AM EDT 1MWEc1
Euronext Milling Wheat »
200.25EUR
+0.00
0.00% Dec 18 12:29PM EDT BL2c1
CBOT Soybeans »
854.75USC
-3.75
-0.44% Nov 18 2:13AM ED

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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