Gold and silver trading is mixed before the European open


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(Kitco News) – Gold and silver are trading mixed before European liquidity opens. Gold is down -0.13% while silver pushed 0.39% in the dark. Looking at the rest of the commodities complex, copper is down -0.33% while spot WTI is -0.34% in the red ahead of OPEC talks.

Risk sentiment was also mixed overnight, with the Nikkei 225 falling -1.13% while the ASX rose 1.29%. China is still closed due to a public holiday. Futures in Europe indicate that the opening could be slightly soft.

In the forex markets, the AUD / USD was the biggest driver overnight, rising 0.21%. The greenback has lost some strength overall. Finally, after a decent bullish breakout at the end of last week, Bitcoin is down -1.07% to $ 47,700.

Progressives in the US House are said to be willing to compromise on the 3.5 trl with limits, but rejected Manchin’s offer of 1.5 trl.

New Zealand PM Ardern announces minor easing of restrictions for Auckland.

Dr Fauci of the US NIH said the US was turning a corner in the face of the latest wave of the virus.

Fumio Kishida has been officially announced as the new Prime Minister of Japan.

Hong Kong developer Hopson plans to acquire around 51% of Evergrande’s business unit.

According to British press reports, Brexit Minister David Frost could threaten the EU on Monday over Northern Ireland.

China has flown nearly 100 military jets in Taiwanese airspace over the long weekend.

Former ECB President Trichet is skeptical that US inflation is transitory.

Iraqi oil minister said the oil price of $ 100 / bbl would not be sustainable, OPEC wants stable markets.

According to news reports, the United States will announce on Monday that China has not honored the Phase 1 trade agreement.

Looking ahead to the rest of the session highlights include data from EZ Sentix, US factory orders, meeting comments from de Guindos, ECB Cos, Fed Bostic, Bullard and the ‘Eurogroup.

Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. This is not a solicitation to trade in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.


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