Gold Ranged, USD Firms + Commodities

Gold Ranged, USD Firms + Commodities

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

  • Gold steady in narrow range
  • Fed mins signal more rate hikes ahead
  • US Dollar (.DXY) Index rises to 1-wk high
  • Crude Oil futures fall for 1st session in 4

In Asia

Gold prices held steady in a narrow range Thursday as Asian shares eased, while the USD firmed after hawkish minutes of the Fed’s September FOMC meeting reinforced expectations of a tighter US monetary policy.

Fed policymakers are largely united on the need to raise borrowing costs, minutes from their most recent policy meeting showed, boosting expectations the committee will stick to its hawkish stance on raising interest rates into Y 2019.

  • Spot gold was up 0.1% at $1,223.78 oz 0403 GMT
  • US gold futures were flat to unchanged at $1,226.90 oz

Gold has traded largely in a $2 range Thursday, with USD being stronger. Prices should hold here until they find a new trigger, when they can try again for a Northside move

  • .DXY rose to a fresh 1-wk high Vs a basket of 6 peer currencies Thursday

In other metals

Silver dipped 0.1% to $14.59 oz, Platinum was flat at $831.50 oz, and Palladium was up 0.1% at $1,069.75.

 

Energy

World Crude Oil futures fall for 1st session in 4

US Crude Oil futures finished below 70 bbl Wednesday after data showed US stockpiles rose by 6.5-M bbls, almost 3X what analysts had forecast, exports dropped.

NYMEX WTI Crude Oil (CLc1) fell 2.34%to $70 .24 bbl, and ICE Brent Crude Oil (LCOc1) was last at $80.28, down 1.39% on the day.

Commodities: Energy

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
NYMEX Crude Oil »
69.67 USD
-0.08
-0.11% Oct 18 1:51AM EDT CLc1
ICE Brent Crude »
79.97 USD
-0.08
-0.10% Oct 18 1:50AM EDT LCOc1
NYMEX RBOB Gasoline »
1.92 USD
-0.00
-0.18% Oct 18 1:49AM EDT RBc1
Dubai Crude Spot »
77.98 USD
-0.26
-0.33% Dec 02 2:01AM EDT DUB-1M
ICE Gas Oil »
712.25 USD
+1.00
+0.14% Nov 18 1:43AM EDT LGOc1
NYMEX No2 Heating Oil »
2.31 USD
+0.00
+0.09% Oct 18 1:41AM EDT HOc1
NYMEX Nat Gas »
3.30 USD
-0.02
-0.61% Oct 18 1:50AM EDT NGc1
ICE NBP Nat Gas »
69.70 GBP
+0.00
0.00% Oct 18 11:55AM EDT

Commodities: Metals

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
Gold Spot »
1,222.51USD
+0.23
+0.02% Dec 02 1:58AM EDT XAU=X
COMEX 100oz Gold »
1,223.70USD
+0.00
0.00% Oct 18 9:48AM EDT GCc1
Silver Spot »
14.58USD
-0.03
-0.18% Dec 02 1:58AM EDT XAG=X
Platinum Spot »
828.55USD
-2.95
-0.36% Dec 02 1:58AM EDT XPT=X
Palladium Spot »
1,069.47USD
+0.48
+0.04% Dec 02 1:58AM EDT XPD=X
COMEX Copper »
2.76USD
-0.01
-0.25% Oct 18 10:03PM EDT

Commodities: Agriculture Grains

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
CBOT Corn »
372.50USC
-1.75
-0.47% Dec 18 1:34AM EDT Cc1
CBOT Wheat »
514.25USC
-3.25
-0.63% Dec 18 1:55AM EDT Wc1
KCBT Wheat »
518.25USC
-2.75
-0.53% Dec 18 1:46AM EDT KWc1
MGE Spring Wheat »
586.50USC
-1.75
-0.30% Dec 18 1:46AM EDT 1MWEc1
Euronext Milling Wheat »
202.00EUR
+0.00
0.00% Dec 18 12:29PM EDT BL2c1
CBOT Soybeans »
878.75USC
-7.00
-0.80% Nov 18 1:57AM EDT

Stay tuned…

The following two tabs change content below.

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.

Latest posts by Paul Ebeling (see all)

You must be logged in to post comments :  
CONNECT WITH