Gold Higher, USD Down, Stocks Mixed + Commodities

Gold Higher,  Down, Stocks Mixed+ Commodities

  • $GLD,$SLV,$,$USO,$,$SOY,$CORN,$WEAT
  • Gold Prices Steady
  • US Dollar Subdued
  • Crude 
  • Asian Stocks Mixed

In 

Gold: Gold prices were steady Monday, with the subdued after comments from Fed officials showing caution over the global economy, prompting traders to reassess the pace of future US interest rate hikes.

  • Spot gold flat to little changed at $1,220.70 oz at 0417 GMT.
  • U.S. gold futures were down 0.1% at $1,222.3 oz

The possibility that the Fed might hold a Neutral outlook beyond Y 2018, and a slowdown in the global economy amid the ongoing US- trade spat will keep investors more interested in gold’s safe-haven appeal.

Friday’s move put Palladium within a hair of parity with gold for the 1st time in 16 years.

Silver was down 0.2% to $14.39 oz.

Platinum inched 0.1% lower to $845.20.

Energy: Crude Oil prices suffered their 6th straight week of losses last week, but have found some aid from expectations the Organization of the Petroleum Exporting Countries (OPEC) would cut output.

  • ICE Brent Crude Oil was up 54c at $67.30 bbl.
  • NYMEX WTI Crude Oil gained 70c to $57.16 bbl.

: The US Dollar (.DXY) Index, which measures the Buck against a basket of 6 peer currencies, inched about 0.1% higher Monday. It had declined about 0.5% in last Friday’s trading session

Stocks: Equity markets turned mixed in Monday on conflicting signals about the prospects for a truce in the US- trade dispute, while the Fed’s newly-found concerns over the global economy constrained USD.

MSCI’s broadest index of -Pacific shares outside Japan .MIAPJ0000PUS traded either side of flat through a sluggish session. Chinese blue chips .CSI300 manage to add 0.5%, as did Japan’s Nikkei .N225

Commodities

Energy

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND 57.16 USD +0.70 +1.22% Nov 18 11:53PM EST 67.30 USD +0.54 +0.80% Nov 18 7:00PM EST 1.59 USD +0.01 +0.86% Nov 18 11:44PM EST 56.03 USD -9.30 -16.60% Dec 02 12:03AM EST 637.75 USD +4.50 +0.71% Dec 18 7:00PM EST 2.09 USD +0.02 +0.86% Nov 18 11:39PM EST 4.64 USD +0.37 +7.99% Nov 18 11:53PM EST 72.27 GBP +0.00 0.00% Nov 18 7:00PM EST

Metals

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND 1,218.74USD -2.62 -0.21% Dec 02 7:00PM EST 1,220.80USD +0.00 0.00% Nov 18 10:39AM EST 14.36USD -0.05 -0.37% Dec 02 7:00PM EST 838.35USD -8.05 -0.96% Dec 02 7:00PM EST 1,177.90USD +0.60 +0.05% Dec 02 7:00PM EST 2.77USD -0.04 -1.39% Nov 18 10:22PM EST

Agriculture Grains

COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND 365.00USC +0.25 +0.07% Dec 18 12:39AM EST 506.50USC -0.25 -0.05% Dec 18 12:42AM EST 482.75USC +0.00 0.00% Dec 18 12:33AM EST 571.25USC +0.00 0.00% Dec 18 12:38AM EST 199.75EUR +0.00 0.00% Dec 18 7:00PM EST 888.75USC -3.50 -0.39% Jan 19 12:41AM EST

Have a terrific week.

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