Gold Up, Asian Shares Dip + Commodities

Gold Up, Asian Shares Dip + Commodities

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

In Asia

Gold prices rose early Monday as Asian stocks eased due to concerns about a potential decline in China’s economic growth amid an ongoing trade dispute and signs of tighter monetary policy by the Fed.

  • Spot gold was up 0.3% at $1,220.66 oz at 0102 GMT. Gold rose 1.3% last week in its biggest weekly percentage gainer in 7 weeks.
  • US gold futures were up 0.2% at $1,224.1 oz.
  • Holdings in SPDR Gold Trust (GLD), the world’s largest gold-backed ETF, rose 0.76% to 744.64 tonnes Friday
  • Gold speculators extended their net short position on COMEX gold contracts by 29,881 contracts to 103,009 contracts in the week ended 9 October the US Commodity Futures Trading Commission said Friday.
  • Physical gold demand in India was subdued last week as a rally in domestic prices curbed retail purchases going into a Key festival season, while buying remained lackluster in other major Asian hubs
  • Palladium rose 0.5% to $1,071.10. Silver +0.6% at $14.63 and Platinum gained 0.5% to $840.50.
  • Asian shares Dipped Monday with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.7%.
  • China central bank (PBoC) governor Yi Gang said Sunday he sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR), as Southside risks from trade tensions with the United States remain significant.
  • The US sought to make currency a central part of any solution to a bruising trade fight with China, keeping the pressure on Beijing to speed up economic reforms at a gathering of world policy makers who pledged to do more to safeguard global growth.
  • Brussels, the political heart of Europe, could prove the center of global market focus this week as Italy’s budget and BREXIT talks overshadow economic data and central banks.
  • The problem of Britain’s land border with Ireland thwarted a drive to clinch a BREXIT deal before a EU Summit this week, as negotiators admitted defeat after marathon talks and pressed pause for the coming days.
  • US Gulf of Mexico Oil & Gas production is returning to normal levels following Hurricane Michael, data from an offshore regulator showed Sunday, with Crude Oil output off 15.8% and Nat Gas production down less than 10%.
  • ICE Brent Crude had risen $1.01, or 1.26%, to $81.44 bbl by 0424 GMT, on track for its biggest daily gainer since 9 October
  • NYMEX WTI Crude Oil  futures climbed 80c, or 1.12%, to $72.14 bbll, extending gains on Friday’s action.

Currencies

USD / EUR » 0.8654 +0.12%
USD / GBP » 0.7621 +0.07%
USD / JPY » 111.8900 -0.24%

Commodities: Energy

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
NYMEX Crude Oil »
71.89 USD
+0.55
+0.77% Oct 18 2:19AM EDT CLc1
ICE Brent Crude »
81.28 USD
+0.85
+1.05% Oct 18 2:18AM EDT LCOc1
NYMEX RBOB Gasoline »
1.95 USD
+0.01
+0.58% Oct 18 2:19AM EDT RBc1
Dubai Crude Spot »
78.87 USD
+0.54
+0.68% Dec 02 2:28AM EDT DUB-1M
ICE Gas Oil »
721.00 USD
+3.00
+0.42% Nov 18 2:19AM EDT LGOc1
NYMEX No2 Heating Oil »
2.34 USD
+0.02
+0.82% Oct 18 2:19AM EDT HOc1
NYMEX Nat Gas »
3.19 USD
+0.03
+0.97% Oct 18 2:19AM EDT NGc1
ICE NBP Nat Gas »
73.22 GBP
+1.00
+1.37% Oct 18 2:09AM EDT

Commodities: Metals

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
Gold Spot »
1,223.50USD
+5.97
+0.49% Dec 02 2:28AM EDT XAU=X
COMEX 100oz Gold »
1,222.40USD
+4.30
+0.35% Oct 18 1:24AM EDT GCc1
Silver Spot »
14.65USD
+0.10
+0.69% Dec 02 2:28AM EDT XAG=X
Platinum Spot »
841.30USD
+4.80
+0.57% Dec 02 2:28AM EDT XPT=X
Palladium Spot »
1,069.72USD
+3.72
+0.35% Dec 02 2:28AM EDT XPD=X
COMEX Copper »
2.80USD
+0.01
+0.20% Oct 18 1:45AM EDT

Commodities: Agriculture Grains

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
CBOT Corn »
372.25USC
-1.50
-0.40% Dec 18 2:24AM EDT Cc1
CBOT Wheat »
517.00USC
-0.25
-0.05% Dec 18 2:26AM EDT Wc1
KCBT Wheat »
523.50USC
-0.75
-0.14% Dec 18 2:24AM EDT KWc1
MGE Spring Wheat »
594.50USC
-1.50
-0.25% Dec 18 2:19AM EDT 1MWEc1
Euronext Milling Wheat »
204.75EUR
+0.00
0.00% Dec 18 12:29PM EDT BL2c1
CBOT Soybeans »
865.00USC
-2.50
-0.29% Nov 18 2:26AM EDT

Have a terrific week

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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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