Gold Flat, USD Higher, Stocks Down + Commodities

Gold Flat,  Higher, Stocks Down + Commodities

  • $GLD,$SLV,$,$USO,$,$SOY,$CORN,$WEAT
  • Gold Prices Flat
  • US Dollar Higher
  • Crude 
  • Asian Stocks Down

In 

Gold: Gold prices are flat to little changed Monday with investors looking to a G-20 Summit this week for signs of a coming resolution in the US – trade dispute.

  •  Spot gold was little changed at $1,222.36 oz at 0114 GMT.
  • US gold futures (GCcv1) were flat at $1,223.30 oz.

Energy: Crude Oil prices steadied Monday after plunging 7,7% Friday, but remain under pressure with Brent crude below $60 bbl on weak fundamentals.

  • Front-month ICE Brent Crude Oil futures (LCOc1) were at $59.23 bbl at 0202 GMT, + 43c, or 0.7%, from their last close.
  • NYMEX WTI Crude Oil futures (CLc1) , + 11c, or 0.2%, at $50.53 bbl.
  • ’s Shanghai Crude Oil futures Monday (ISCcv1) fell 5%, or lock limit down

Friday’s selloff has been dubbed ‘Black Friday’ to Friday’s falls in Brent and WTI Crude Oils

There is capitulation in Crude Oil markets, the Southside pressure comes from surging supply and a slowdown in demand growth which is expected to result in a supply overhang in Y 2019.

:  up Vs its 6 major peers Monday, as investors sought shelter in safe-haven currencies.

Stocks: Asian shares on a slide as falling Crude Oil prices fueled concerns about a softening outlook for the global economy.

Officials from some G-20 countries, anxious to see a end to the US-China trade dispute, are hopeful that a meeting between Presidents and Xi on the sidelines of a G-20 Summit in Argentina may yield positive results. The 2-day Summit ends on 1 December

Friday, China urged the World Trade Organization (WTO) to close loopholes and correct practices by some member states that damage global trade, warning of a “profound crisis” facing the institution’s existence.

Commodities

Energy

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND 50.75 USD +0.33 +0.65% Dec 18 10:05PM EST 59.43 USD +0.63 +1.06% Nov 18 7:00PM EST 1.40 USD +0.01 +0.65% Nov 18 9:59PM EST 58.50 USD +0.40 +0.68% Dec 02 10:15PM EST 576.75 USD +0.00 0.00% Dec 18 7:00PM EST 1.89 USD +0.01 +0.47% Nov 18 10:01PM EST 4.10 USD -0.21 -5.12% Nov 18 10:04PM EST 67.61 GBP +0.00 0.00% Nov 18 7:00PM EST

Metals

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND 1,223.21USD +0.77 +0.06% Dec 02 7:00PM EST 1,221.00USD +0.00 0.00% Nov 18 7:01PM EST 14.32USD +0.08 +0.57% Dec 02 7:00PM EST 844.20USD +5.70 +0.68% Dec 02 7:00PM EST 1,124.99USD +5.99 +0.53% Dec 02 7:00PM EST 2.76USD -0.01 -0.27% Nov 18 9:43PM EST

Agriculture Grains

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND 358.50USC -0.50 -0.14% Dec 18 10:15PM EST 503.75USC +4.00 +0.79% Dec 18 10:19PM EST 463.25USC +2.00 +0.43% Dec 18 10:08PM EST 575.75USC +1.50 +0.26% Dec 18 9:56PM EST 199.25EUR +0.00 0.00% Dec 18 7:00PM EST 877.75USC -3.25 -0.37% Jan 19 10:17PM EST

Have a terrific week.

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