Gold Off a Bit, USD Gains, Stocks Off + Commodities

Gold Off a Bit, USD Gains, Stocks Off + Commodities

Gold Off a Bit, USD Gains, Stocks Off + Commodities

  • $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT
  • Gold Prices Off a Bit
  • US Dollar Gains
  • Crude Oil Up
  • Asian Stocks Down

In Asia

Gold: Gold prices dropped a bit Wednesday, as USD got a boost from safe-haven demand on heightened risk aversion.

  • Spot gold dipped 0.1% to $1,219.96 oz at 0122 GMT
  • US gold futures were down 0.1% at $1,220.3 oz

Energy: Fuels investors on edge, with the International Energy Agency (IEA) warning of unprecedented uncertainty in Crude Oil markets due to a difficult economic environment and political risk.

  • ICE Brent Crude Oil futures were at $63.60 bl at 0516 GMT, + $1.07 bbl, or 1.7% from Tuesday’s close.
  • NYMEX WTI Crude Oil futures +$1.03, or 1.9%, at $54.46 bbl.

Wednesday’s rebound came after a report by the American Petroleum Institute (API) late Tuesday that US commercial Crude Oil inventories last week fell unexpectedly by 1.5-M bbl, to 439.2-M bbl, in the week ended 16 November

USD: The US Dollar (.DXY) measures the Buck against a basket of 6 peer currencies gained about 0.7% in the prior session, and pulled away from a 2-week low of 96.042.

Stocks: Asian stocks down across the board Wednesday, weighed down by selling on Wall Street.

Commodities

Energy

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
NYMEX Crude Oil »
54.16 USD
+0.73
+1.35% Dec 18 12:53AM EST CLc1
ICE Brent Crude »
63.29 USD
+0.76
+1.20% Nov 18 7:00PM EST LCOc1
NYMEX RBOB Gasoline »
1.51 USD
+0.01
+0.85% Nov 18 12:24AM EST RBc1
Dubai Crude Spot »
62.01 USD
+0.54
+0.87% Dec 02 1:03AM EST DUB-1M
ICE Gas Oil »
611.25 USD
-1.75
-0.29% Dec 18 7:00PM EST LGOc1
NYMEX No2 Heating Oil »
2.01 USD
+0.02
+0.82% Nov 18 12:48AM EST HOc1
NYMEX Nat Gas »
4.54 USD
+0.02
+0.37% Nov 18 12:52AM EST NGc1
ICE NBP Nat Gas »
66.83 GBP
+0.00
0.00% Nov 18 7:00PM EST

Metals

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
Gold Spot »
1,221.29USD
+0.13
+0.01% Dec 02 7:00PM EST XAU=X
COMEX 100oz Gold »
1,219.00USD
+0.00
0.00% Nov 18 12:27PM EST GCc1
Silver Spot »
14.31USD
-0.00
-0.02% Dec 02 7:00PM EST XAG=X
Platinum Spot »
841.70USD
+3.71
+0.44% Dec 02 7:00PM EST XPT=X
Palladium Spot »
1,144.90USD
+4.55
+0.40% Dec 02 7:00PM EST XPD=X
COMEX Copper »
2.76USD
-0.01
-0.36% Nov 18 12:00AM EST

Agriculture Grains

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
CBOT Corn »
362.25USC
+1.00
+0.28% Dec 18 12:58AM EST Cc1
CBOT Wheat »
501.75USC
+1.00
+0.20% Dec 18 12:54AM EST Wc1
KCBT Wheat »
474.25USC
+1.25
+0.26% Dec 18 12:58AM EST KWc1
MGE Spring Wheat »
570.00USC
+0.25
+0.04% Dec 18 12:54AM EST 1MWEc1
Euronext Milling Wheat »
198.75EUR
+0.00
0.00% Dec 18 7:00PM EST BL2c1
CBOT Soybeans »
879.25USC
-1.75
-0.20% Jan 19 1:00AM EST

To all of our US subscribers and readers, have a Happy Thanksgiving Holiday!

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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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